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Look for Shares of Technipfmc Plc to Potentially Pullback after Yesterday's 4.16% Rise

By Amy Schwartz

Technipfmc Plc (NYSE:FTI) traded in a range yesterday that spanned from a low of $32.80 to a high of $33.33. Yesterday, the shares gained 4.2%, which took the trading range above the 3-day high of $32.41 on volume of 2.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Technipfmc Plc has traded in a range of $24.00 to $37.09 and is now at $33.22, 38% above that low. 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 recommended that subscribers consider buying shares of Technipfmc Plc on March 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.88. Since that recommendation, shares of Technipfmc Plc have risen 3.5%. We continue to monitor FTI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders technipfmc plc

Ticker(s): FTI