FMC Technologies (FTI) Shares are Up 1.46%

FMC Technologies (FTI) has been under a strong bear grip, hence the stock is down -4.68% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.03% in the past 1 week. The stock has risen by 1.46% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.31% in the past 4 weeks.

FMC Technologies (NYSE:FTI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.03 and $25.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.75, notching a gain of 3.08% for the day. The total traded volume was 2,589,154 . The stock had closed at $24.98 on the previous day.

The stock has recorded a 20-day Moving Average of 1.5% and the 50-Day Moving Average is 3.15%. FMC Technologies, Inc. has dropped 10.12% during the last 3-month period . Year-to-Date the stock performance stands at -11.24%.

FMC Technologies (FTI) : 18 Wall Street analysts covering FMC Technologies (FTI) believe that the average level the stock could reach for the short term is $32.11. The maximum price target given is $47 and the minimum target for short term is around $26, hence the standard deviation is calculated at $5.68.


FMC Technologies, Inc. is a provider of technology solutions for the energy industry. The Companys segments include Subsea Technologies, Surface Technologies and Energy Infrastructure. Subsea Technologies designs and manufactures products and systems and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas. Surface Technologies designs and manufactures systems and provides services used by oil and gas companies involved in land and offshore exploration and production of crude oil and gas; designs, manufactures and supplies high pressure valves and fittings for oilfield service companies, and also provides flowback and wireline services for exploration companies. Energy Infrastructure manufactures and supplies liquid and gas measurement and transportation equipment and systems for the production, transportation and processing of crude oil, natural gas and petroleum-based refined products and the mining industry.

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