Market Overview

FMC (FMC) Approaches New Downside Target of $73.90

(via COMTEX News Network)--

SmarTrend has detected shares of FMC (NYSE: FMC) have bearishly opened below the pivot of $75.49 today and have reached the first level of support of $74.72.

Should the shares continue to fall, we are monitoring the next support pivots of $73.90 and $72.31. Also, the shares are currently trading below the 50-day moving average of $83.22 and below the 200-day moving average of $81.00.

In the last five trading sessions, the 50-day MA has fallen 0.42% while the 200-day MA has remained constant.

In the past 52 weeks, shares of FMC have traded between a low of $59.25 and a high of $93.00 and are now at $73.94, which is 25% above that low price.

SmarTrend currently has shares of FMC in an Downtrend and issued the Downtrend alert on August 02, 2011 at $84.52. The stock has fallen 10.6% since the Downtrend alert was issued.

Write to Chip Brian at


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