FDX CORP
(FDX-NYSE):
Technical Viewpoint: From a high
of $69 1/2 on Dec 14, 1998 prices
declined, reaching a
low of $93 1/8
on Dec 23, 1998. A
rally saw prices pull back, reaching a
high of
$75 7/8 on Jan 25, 1999.
Another decline saw prices penetrate
support, closing 2/17/99
at $85 3/8. Technicals: MACD Index (MACD): A Sell Alert!
was given on Feb 17, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $81 1/4. Resistance: Is at $86 1/4.
Point & Figure: Reversed to the downside on Feb 17, 1999. A P&F downside
reversal takes place at $83.00. Summary: Technical indicators have turned bearish. SELL! FDX CORP
(FDX-NYSE) @ $86 1/6 Stop: Use a protective stop of $83 1/4.
FDX CORP is currently trading @ $85 3/8 minus $1 7/8 on Feb 18, 1999. Price Objective:
$102 1/2. Risk/Reward: $3.00 VS. $16 1/4. Today's Risk Reward Ratio: 5:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$102 1/2
Risk/Reward:
$3.00 VS. $16 1/4
Risk/Reward Ratio:
5:1
|