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Watch for Fmc Corp to Potentially Rebound After Falling 1.27% Yesterday

By Nick Russo

Fmc Corp (NYSE:FMC) traded in a range yesterday that spanned from a low of $77.48 to a high of $77.71. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $77.84 on volume of 312,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Fmc Corp has traded in a range of $69.36 to $92.95 and is now at $77.48, 12% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Fmc Corp on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.82. Since that recommendation, shares of Fmc Corp have risen 3.5%. We continue to monitor FMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders fmc corp

Ticker(s): FMC