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Technipfmc Plc (FTI) Approaches New Upside Target of $22.89

By Nick Russo

Shares of Technipfmc Plc (NYSE:FTI) have bullishly opened above the pivot of $22.58 today and have reached the first resistance level of $22.76. Should the shares continue to rise, the resistance pivots of $22.89 and $23.20 will be of interest.

Technipfmc Plc has overhead space with shares priced $22.62, or 27.6% below the average consensus analyst price target of $31.26. The stock should run into initial resistance at its 200-day moving average (MA) of $23.66 and subsequent resistance at its 50-day MA of $24.42.

In the past 52 weeks, shares of Technipfmc Plc have traded between a low of $18.20 and a high of $31.16 and are now at $22.62, which is 24% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 1.4%.

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: pivot alerts technipfmc plc

Ticker(s): FTI