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

By David Diaz

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.

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.

In the past 52 weeks, Technipfmc Plc share prices have been bracketed by a low of $24.00 and a high of $37.09 and are now at $33.22, 38% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.3%.

Keywords: rebounders technipfmc plc

Ticker(s): FTI