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After Yesterday's Rally of 1.03% Shares Could Potentially Pullback

By David Diaz

Technipfmc Plc (NYSE:FTI) traded in a range yesterday that spanned from a low of $18.70 to a high of $19.16. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $19.14 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Technipfmc Plc have traded between a low of $18.20 and a high of $28.57 and are now at $18.72, which is 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 0.3%.

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: rebounders technipfmc plc

Ticker(s): FTI