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Bearish Moving Average Cross by Technipfmc Plc (FTI)

By Nick Russo

Today, shares of Technipfmc Plc (NYSE:FTI) have fallen below their 10-day MA of $22.70 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Technipfmc Plc share prices have moved between a 52-week high of $34.17 and a 52-week low of $18.20 and are now trading 20% above that low price at $21.76 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for Technipfmc Plc and will alert subscribers who have FTI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses technipfmc plc

Ticker(s): FTI