$FDX. The daily candles of this brand new effort may allow for a little upside action this week. With the gap right there though, it could so easily slip slide into "book rate." Sincerely, Beauty
A small position in FDX could be wise here as the stochastics
are oversold on multiple time frames. Still looks like we have some more downside
but anywhere below 84 would be a great entry
Ideal entry: 83 but would consider a small entry on any weakness
1st Target: 86 (conservative)
2nd Target: 90 (higher risk)
Stop Loss 82.50
$FDX : Breaking News : One of the world's biggest bellweather has cut its forecast. Announced today earnings for 1st quarter ( August 31, 2012), are expected to be in the range of $1.37 to $1.43 per diluted share, compared to $1.46 per diluted share last year. $FDX original first quarter forecast was for earnings of $1.45 to $1.60 per diluted share. Earnings...
