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FEDEX CORP
(FDX-NYSE):
Technical Viewpoint: From a low
of $44.45 on Nov 29, 2001 prices
rallied, reaching a
high of $50.10
on Dec 6, 2001. A
decline saw prices pull back, reaching a
low of
$46.70 on Dec 13, 2001.
Another rally saw prices penetrate
resistance, closing 12/20/01
at $52.10. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 18, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $47.00. Resistance: Is at $56.63.
Point & Figure: Reversed to the upside on Dec 19, 2001. A P&F upside
reversal takes place at $51.00. Summary: Technical indicators have turned bullish. BUY! FEDEX CORP
(FDX-NYSE) @ $52.63 Stop: Use a protective stop of $49.88.
FEDEX CORP is currently trading @ $52.10 plus $2.11 on Dec 20, 2001. Price Objective:
$63.00. Risk/Reward: $2.75 VS. $10.38. 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:
$63.00
Risk/Reward:
$2.75 VS. $10.38
Risk/Reward Ratio:
4:1
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