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Technipfmc Plc Falls 1.15% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Technipfmc Plc (NYSE:FTI) traded in a range yesterday that spanned from a low of $26.44 to a high of $26.79. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $26.57 on volume of 1.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Technipfmc Plc has traded in a range of $24.00 to $37.09 and is now at $26.58, 11% 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 is monitoring the recent change of momentum in Technipfmc Plc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Technipfmc Plc in search of a potential trend change.

Keywords: rebounders technipfmc plc

Ticker(s): FTI