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Bearish Moving Average Cross by FMC Technologies (FTI)

By David Diaz

FMC Technologies (NYSE:FTI) shares have crossed bearishly below their 10-day moving average of $28.15 on a volume of 876K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

FMC Technologies share prices have moved between a 52-week high of $44.28 and a 52-week low of $22.30 and are now trading 25% above that low price at $27.85 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of FMC Technologies on August 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.96. Since that recommendation, shares of FMC Technologies have risen 5.0%. We continue to monitor FTI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses FMC Technologies

Ticker(s): FTI