Our last FedEx stock update was on 3-13-2014.
At that time we stated that the possibilities over the the next week were the same as those we issued on March 4, 2014
1 – A close near or above the 138 level
2 – Downward price movement below the 134 price level
On 3-19-2014 possibility number 1 became a reality as FedEx closed slightly above 138 at 138.57.
On 3-25-2014 possibility number 2 became a reality as FedEx travelled below 134 to a low of 132.52.
Now some new possibilities exist for the next week:
1 – Sideways movement between 135 and 131
2 – Downward price movement to the 129 price level
3 – If FedEx closes below 134 on 3-28-2014 we could see further downward movement toward the 129 price level
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