Shares of FedEx have sharply declined in the SIA S&P 100 Index Report, now positioned at #83 in the Unfavored zone after dropping 64 spots in the past month. Recent relative underperformance reflects a monthly decline of -10.49%, compared to the S&P 100 Index benchmark, which has increased by +3.08%. This decline suggests that the earlier summer rally may have been a bear trap, where the stock appeared to gain momentum but ultimately reversed. Investors should remain cautious given the current market dynamics and technical indicators at play.