FedEx Stock Update – 6-2-2014

The commentary for 5-12-2014 stated: “If FedEx can close above 140 this week we could see upside movement toward the 144 area and perhaps see a new 52-week high in the next few weeks.”

Last week FedEx made a new 52-week high.

We could see a pull back from the new 52-week high to the 141 price level over the next week or so..