Over the last few months FedEx stock has pulled back from its rise from the lows of October 2013 to its highs in December 2013.
The stock has basically been in a $5 trading range since the end of January.
A close below 132.75 could see FedEx back at the 128 level over the next few weeks.
We could possibly see the stock move from its current close at 133.33 to the 137 – 138 area over the next week or so. A close above the 138 area could see the stock rise to make another move towards the 143 level.
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