Bullish Moving Average Cross by FMC Technologies (FTI)
FMC Technologies (NYSE:FTI) crossed over its 10-day moving average of $26.97 on a volume of 1.2 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, FMC Technologies share prices have been bracketed by a low of $22.30 and a high of $44.28 and are now at $27.30, 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has slid 0.5%.
SmarTrend is tracking the current trend status for FMC Technologies and will alert subscribers who have FTI in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses FMC Technologies