Agree with you that the trend appears to be up for the short term. If this price action holds up today, FDX probably heads to approx $91 in the short term. Can't see it pushing past that tough resistance though...already overbought, but hell...it could get even more overbought. Good showing going into the end of the market that is for sure...especially after being down over a buck this morning.
Where do you see (this) stock if it breaks $90? Do you agree that FDX was overbought when it was resting on $101? Have you looked at the daily chart from 8/98 to 6/99? Is their any possibility that FDX could follow that same pattern?