FedEx (FDX) Message Board

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Non-Tech : FedEx (FDX)

FDX 267.55

+5.4%

Nov 11 3:59 PM EST

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To: Toby Zidle who wrote (81)	5/19/1998 3:37:00 PM
From: Mark T. Heath	Read Replies (1) of 524

You may take this comment for what it's worth, but I believe a support level exists at $60 - $61. I concur with your thoughts that the next level down is at $55. With the stock trading just under its 200 and 50 day moving averages, I believe it's possible that the stock may have bottomed. What more could be heaped on the stock coupled with how poorly the transports as a whole have performed recently? I have not personally purchased any shares, but it's worth considering at this level to me so I'm looking at it.

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