FMC Corporation (FMC)’s Stock Formed A Several Months Wedge Up Pattern

December 7, 2017 - By Stephen Andrade

Investors sentiment decreased to 0.91 in 2017 Q2. Its down 0.39, from 1.3 in 2017Q1. It fall, 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.
Ubs Asset Mngmt Americas stated it has 364,428 shares or 0% of all its holdings. 48,688 are owned by Oregon Public Employees Retirement Fund. Moreover, Aperio Gru Ltd has 0.02% invested in FMC Corporation (NYSE:FMC). California State Teachers Retirement Sys invested in 0.04% or 247,956 shares. Rampart Invest Mngmt Co Limited Liability Co owns 0.04% invested in FMC Corporation (NYSE:FMC) for 1,577 shares. Advisory Svcs Network Lc reported 52 shares. Commonwealth Financial Bank Of Aus owns 1,300 shares for 0% of their portfolio. Apg Asset Management Nv reported 195,190 shares. California Employees Retirement Systems reported 295,300 shares stake. Northwestern Mutual Wealth Mngmt Communications stated it has 0% in FMC Corporation (NYSE:FMC). Delta Capital Ltd Limited Liability Company reported 3,370 shares. Oz Management Ltd Partnership accumulated 2.30M shares or 0.89% of the stock. 4,528 are owned by Charter Tru. 321,950 were reported by New South Capital Management. Blackrock Inc accumulated 8.70M shares or 0.03% of the stock.

Since June 8, 2017, it had 0 buys, and 1 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 earnings per share, 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 earnings per share 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 “Neutral” rating given on Monday, January 23 by Seaport Global Securities. On Monday, August 14 the stock rating was maintained by Jefferies with “Buy”. The stock has “Neutral” rating by Longbow on Friday, August 28. The firm has “Buy” rating by Jefferies given on Tuesday, July 4. Goldman Sachs upgraded the shares of FMC in report on Monday, December 12 to “Buy” rating. On Thursday, July 23 the stock rating was upgraded by FBR Capital to “Underperform”. The stock of FMC Corporation (NYSE:FMC) has “Hold” rating given on Friday, September 8 by BMO Capital Markets. The firm earned “Buy” rating on Monday, November 30 by Guggenheim. The stock of FMC Corporation (NYSE:FMC) earned “Market Perform” rating by BMO Capital Markets on Thursday, August 3. The firm has “Buy” rating by Jefferies given on Thursday, May 25.

More notable recent FMC Corporation (NYSE:FMC) news were published by: Nasdaq.com which released: “Pacific Global Investment Management CO Buys DowDuPont Inc, FMC Corp, The …” on November 14, 2017, also Reuters.com with their article: “FMC Corp announces $300 mln lithium investment in Argentina” published on November 09, 2017, Streetinsider.com published: “FMC Corp. (FMC) PT Raised to $106 at Nomura/Instinet” on November 08, 2017. More interesting news about FMC Corporation (NYSE:FMC) were released by: Streetinsider.com and their article: “FMC Corp. (FMC) PT Raised to $112 at KeyBanc; Remains Bullish” published on December 04, 2017 as well as Prnewswire.com‘s news article titled: “FMC Corporation Announces Agreement with Nufarm Limited” with publication date: November 08, 2017.

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