The decline slows as money flow turns friendlier
FMC rebounds 2.7% as money flow keeps getting friendlier
The decline slows as money flow turns friendlier
Our view last week
On FMC this week sellers took control in extreme fashion — 81% of volume on the sell side — and the stock dropped 3.9%, its sharpest weekly loss in a month. Yet the double bottom in the 11 area, which already held last week, is still standing, with no fresh low, while money flow stays mildly positive and drifting higher. A mixed picture in FMC's weekly technical analysis, worth following week by week.
This week's summary
FMC's Sell signal has been under management for 12 weeks, with the short sitting on a 24.7% gain. This week the stock rebounded 2.7%, with buyers back in control — 57% of volume on the buy side — while money flow, already improving last week, keeps climbing for a fourth straight week. The double bottom in the 11 area still holds, but the picture stays one to watch closely: earnings are about two weeks away.
IQS Phase
57
ordinary
Signal Strength
6
decline losing steam
Sizing
MINIMUM
Ranking
#110 / 140
US stocks
Trade P&L %
+24.66%
from signal to today
restricted Platinum content