19.12.2014 - The price of Fedex is falling rapidly

Fedex stock price started to decrease sharply after returned inside the rising channel. At the moment, quotations rebounded from the strong support near 163.75, but soon will likely continue to decline to the bottom of the channel and the level of 163.75. The fall can continue with the objectives of 154.00 and 145.00. Growth is limited by the upper boundary of the channel. We forecast a drop in prices soon with the potential decrease to 154,00.

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