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Bearish Moving Average Cross by Technipfmc Plc (FTI)

By James Quinn

Technipfmc Plc (NYSE:FTI) shares have crossed bearishly below their 10-day moving average of $24.09 on a volume of 443K shares. This may provide short-term investors a chance 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 $32.91 and a 52-week low of $18.20 and are now trading 32% above that low price at $23.95 per share. The 200-day and 50-day moving averages have moved 0.16% lower and 0.38% higher over the past week, respectively.

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