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Non-Tech : FedEx (FDX)
FDX 267.55+5.4%Nov 11 3:59 PM EST
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To: RangeRover who wrote (142)8/10/1998 2:02:00 PM
From: Mark T. Heath  Read Replies (1) of 524
 
I've been looking at the FDX chart for an entry point with some technical support. It looks shaky to me at $55, but there does seem to be solid support around $50. The stock's multiple is now selling around it's projected growth rate for the next year. Hard to explain the selloff today, but the volume is not staggering by any means. This may be the time to get in. I have to wonder if an Asian surprise is coming with the next earnings report.
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