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Watch for Technipfmc Plc to Potentially Rebound After Falling 2.62% Yesterday

By James Quinn

Technipfmc Plc (NYSE:FTI) traded in a range yesterday that spanned from a low of $20.53 to a high of $20.60. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $20.61 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Technipfmc Plc and will alert subscribers who have FTI in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Technipfmc Plc have traded between a low of $18.42 and a high of $28.57 and are now at $20.33, which is 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.2%.

Keywords: rebounders technipfmc plc

Ticker(s): FTI