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FEDEX CORPORATION
(FDX-NYSE):
Technical Viewpoint: From a low
of $49.85 on May 7, 2002 prices
rallied, reaching a
high of $55.30
on May 17, 2002. A
decline saw prices pull back, reaching a
low of
$52.00 on May 28, 2002.
Another rally saw prices penetrate
resistance, closing 6/21/02
at $56.39. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 7, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $52.50. Resistance: Is at $58.50.
Point & Figure: Reversed to the upside on Jun 7, 2002. A P&F upside
reversal takes place at $54.75. Summary: Technical indicators have turned bullish. BUY! FEDEX CORPORATION
(FDX-NYSE) @ $56.75 Stop: Use a protective stop of $54.25.
FEDEX CORPORATION is currently trading @ $56.39 plus $1.10 on Jun 21, 2002. Price Objective:
$70.00. Risk/Reward: $2.50 VS. $13.25. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$70.00
Risk/Reward:
$2.50 VS. $13.25
Risk/Reward Ratio:
5:1
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