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Look for Shares of Technipfmc Plc to Potentially Rebound after Yesterday's 2.54% Sell Off

By Nick Russo

Technipfmc Plc (NYSE:FTI) traded in a range yesterday that spanned from a low of $25.00 to a high of $25.41. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $25.93 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Technipfmc Plc share prices have moved between a 52-week high of $35.00 and the current low of $25.00 and are currently at $25.36 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Technipfmc Plc on October 5th, 2018 by issuing a Downtrend alert when the shares were trading at $30.26. Since that call, shares of Technipfmc Plc have fallen 14.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders technipfmc plc

Ticker(s): FTI