BUY! FEDEX CORP (FDX) NYSE

  Report No. 1355    Analysis by: Harry Aloof     AUGUST 29, 2001

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

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$54.00 Risk/Reward:
$2.75 VS. $11.50 Risk/Reward Ratio:
4:1
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