Fedex Should Be Rangebound
May 18, 2008 4:00 PM
FDX is likely stuck between $87.59 and $99.10 until one of them clears. I am not a fan of this sector on any level because of energy costs. But that is the trading range - for now. If it clears $87.59, then the $82-$84 area is likely, IMO. The first visit in the high area is likely a short, if it ever get’s there.
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