FMC: sellers take back control
FMC nearly flat (+0.8%) as sellers retake control with earnings looming
FMC: sellers take back control
Our view last week
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.
This week's summary
FMC's rebound has stalled: after last week's recovery, sellers are back in control with 74% of volume, while money flow — climbing for a month — has nearly flatlined. The price stays boxed in a tight range above the double bottom in the 11 area, with earnings due this week. FMC stock has been under management for 13 weeks, with the short more than 24% in the money.
IQS Phase
64
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#134 / 141
US stocks
Trade P&L %
+24.06%
from signal to today
Rank position
ranks 134th among the 141 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimein positive regime
Performanceweekly +1.44% · monthly +0.20%
FMC belongs to the materials sector (reference ETF XLB). The sector is classified in positive regime according to our weekly reading.
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