Our last FedEx stock update was on 3-4-2014. We said that there were several possibilities for the stock over the next few days. Those possibilities were:
1 – A close near or above the 138 level
2 – Downward price movement below the 134 price level.
Since 3-4-2014 FedEx has closed above 137, 5 out of the last 7 trading days. The last 5 trading days have all seen highs above 138, but not a single close above 138.
The possibilities over the next week are the same as we stated on March 4th, 3014:
1 – A close near or above the 138 level
2 – Downward price movement below the 134 price level.
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