Tuesday, April 1, 2008

FDX - I'm Likin' It


BULLISH:

Just broke through the downtrend line that's been dominating for the last 9 months.
50DMA now sloping up.
Long-term trendline, that has been in place since the 1980's, held and now the stock is bouncing.

GAMEPLAN:
FDX is extremely overbought. Hopefully we'll get a pullback, then it's time to get LONG. Stop out below $90.

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