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