FEDEX CORP
(FDX-NYSE):
Technical Viewpoint: From a low
of $39.72 on Jul 25, 2001 prices
rallied, reaching a
high of $41.87
on Aug 2, 2001. A
decline saw prices pull back, reaching a
low of
$39.63 on Aug 10, 2001.
Another rally saw prices penetrate
resistance, closing 8/28/01
at $42.35. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 24, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $40.00. Resistance: Is at $42.50.
Point & Figure: Reversed to the upside on Aug 24, 2001. A P&F upside
reversal takes place at $40.50. Summary: Technical indicators have turned bullish. BUY! FEDEX CORP
(FDX-NYSE) @ $42.50 Stop: Use a protective stop of $39.75.
FEDEX CORP is currently trading @ $42.35 plus $1.04 on Aug 28, 2001. Price Objective:
$54.00. Risk/Reward: $2.75 VS. $11.50. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$54.00
Risk/Reward:
$2.75 VS. $11.50
Risk/Reward Ratio:
4:1
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