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FMC Technologies Set to Possibly Rebound After Yesterday's Selloff of 1.07%

By James Quinn

FMC Technologies (NYSE:FTI) traded in a range yesterday that spanned from a low of $31.18 to a high of $31.52. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $31.25 on volume of 2.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

FMC Technologies share prices have moved between a 52-week high of $44.28 and a 52-week low of $22.30 and are now trading 41% above that low price at $31.36 per share. The 200-day and 50-day moving averages have moved 0.49% lower and 1.28% higher over the past week, respectively.

Keywords: rebounders FMC Technologies

Ticker(s): FTI