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FDX Chart

 
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arthur
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PostPosted: Fri Dec 17, 2004 8:59 pm    Post subject: FDX Chart Reply with quote
FDX fell below 96 on earnings Thu and then rallied on Fri closing at 100.01 (Max Pain). Although, the holiday season is a strong period for FDX, it may consolidate at current levels, since the seasonality may be discounted. The parabolic SAR shows a sell signal (two green dots above the highs Thu and Fri). So, FDX may become more volatile below 100, and pullback e.g. to 95. If FDX bounces e.g. to 102, it may be a head fake, and then may pullback.

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