timwest
Long

Fedex Corp -FDX -Daily -Trend is still up and now oversold =buy

NYSE:FDX   FEDEX CORP
132 0 8
Another opportunity to buy FDX             with CCI @ < -100 (-122 last)

Other trend indicators may be flashing trouble, including the S&P500             , but FDX             is a great long term play on the growth of the internet and with oil             prices weakening recently, bodes well for margins going forward.

Either way, there is decent support just under current levels from the gap & summer consolidation.

Risk 3 ATR's, Upside 3-5 ATR's.

Tim

156.49 10/8/2014 9:50AM EST
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