FMC Crosses Below its 10-day MA (FMC)
FMC (NYSE:FMC) crossed under its 10-day moving average of $46.82 on a volume of 197K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, FMC share prices have been bracketed by a low of $32.24 and a high of $61.11 and are now at $46.56, 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has slid 0.2%.
SmarTrend recommended that subscribers consider buying shares of FMC on April 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.00. Since that recommendation, shares of FMC have risen 14.6%. We continue to monitor FMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses