Is Major Move Coming For FMC Corporation (FMC) After This Bullish Wedge Up Chart Pattern?

December 7, 2017 - By Maria Brooks

Investors sentiment decreased to 0.91 in Q2 2017. Its down 0.39, from 1.3 in 2017Q1. It dropped, as 60 investors sold FMC Corporation shares while 163 reduced holdings. 77 funds opened positions while 125 raised stakes. 118.92 million shares or 1.89% more from 116.71 million shares in 2017Q1 were reported.
Mason Street Advisors Lc has invested 0.03% of its portfolio in FMC Corporation (NYSE:FMC). Gateway Advisers stated it has 9,423 shares. Bancorpsouth Incorporated has invested 0.02% of its portfolio in FMC Corporation (NYSE:FMC). Robeco Institutional Asset Bv reported 0.06% in FMC Corporation (NYSE:FMC). Cove Street Cap has invested 1.83% in FMC Corporation (NYSE:FMC). Raymond James Finance Serv Advsrs has 5,471 shares for 0% of their portfolio. Kentucky Retirement, a Kentucky-based fund reported 8,590 shares. Us Bankshares De has 0% invested in FMC Corporation (NYSE:FMC). The Alabama-based Retirement Systems Of Alabama has invested 0.05% in FMC Corporation (NYSE:FMC). Schwab Charles Invest Management stated it has 625,169 shares. United Kingdom-based Lmr Prtn Limited Liability Partnership has invested 0.1% in FMC Corporation (NYSE:FMC). Fdx Advsrs stated it has 0.02% in FMC Corporation (NYSE:FMC). Staley Cap Advisers stated it has 0.08% in FMC Corporation (NYSE:FMC). Polaris Greystone Fincl Grp Llc reported 0.05% of its portfolio in FMC Corporation (NYSE:FMC). Suntrust Banks Incorporated accumulated 4,188 shares or 0% of the stock.

Since June 8, 2017, it had 0 buys, and 1 insider sale for $962,626 activity.

The stock of FMC Corporation (FMC) formed an up wedge with $92.66 target or 5.00 % above today’s $88.25 share price. The 5 months wedge indicates low risk for the $11.85 billion company. If the $92.66 price target is reached, the company will be worth $592.45 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.30% or $0.26 during the last trading session, reaching $88.25. About 1.35 million shares traded or 18.33% up from the average. FMC Corporation (NYSE:FMC) has risen 62.57% since December 8, 2016 and is uptrending. It has outperformed by 45.87% the S&P500.

Analysts await FMC Corporation (NYSE:FMC) to report earnings on February, 5. They expect $0.98 EPS, up 11.36 % or $0.10 from last year’s $0.88 per share. FMC’s profit will be $131.58M for 22.51 P/E if the $0.98 EPS becomes a reality. After $0.70 actual EPS reported by FMC Corporation for the previous quarter, Wall Street now forecasts 40.00 % EPS growth.

FMC Corporation (NYSE:FMC) Ratings Coverage

Among 31 analysts covering FMC Tech (NYSE:FMC), 18 have Buy rating, 1 Sell and 12 Hold. Therefore 58% are positive. FMC Tech had 84 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Cowen & Co given on Friday, September 18. The firm has “Buy” rating given on Monday, November 30 by Guggenheim. The stock has “Outperform” rating by Cowen & Co on Thursday, July 23. The company was maintained on Friday, July 31 by Deutsche Bank. As per Tuesday, October 17, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating by Piper Jaffray given on Friday, July 14. Jefferies maintained the shares of FMC in report on Friday, September 15 with “Buy” rating. The company was upgraded on Monday, April 3 by Susquehanna. Longbow upgraded the shares of FMC in report on Wednesday, February 8 to “Buy” rating. The firm has “Outperform” rating by Credit Suisse given on Wednesday, November 8.

More notable recent FMC Corporation (NYSE:FMC) news were published by: Streetinsider.com which released: “FMC Corp. (FMC) PT Raised to $106 at Nomura/Instinet” on November 08, 2017, also Nasdaq.com with their article: “Lithium Stock Face Off: Is ALB More Attractive Than FMC?” published on November 22, 2017, Streetinsider.com published: “FMC Corp. (FMC) PT Raised to $112 at KeyBanc; Remains Bullish” on December 04, 2017. More interesting news about FMC Corporation (NYSE:FMC) were released by: Prnewswire.com and their article: “FMC Corporation Announces Agreement with Nufarm Limited” published on November 08, 2017 as well as Nasdaq.com‘s news article titled: “Pacific Global Investment Management CO Buys DowDuPont Inc, FMC Corp, The …” with publication date: November 14, 2017.

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