2waytrading
Long

Not Great Company But Bullish Pattern Could mean alot

NYSE:FMC   FMC CORP
66 0 1
The recent bullish pattern if indeed is confirmed though it requires further scrutiny and not every pattern results big win, it may be a good to add your watch-list for a possible 17% upside gain provided that market helps it. The Head and Shoulders Bottom is created by three successive declines in the price following a significant downtrend. The lowest low (head) is in the middle, flanked by two higher lows (shoulders) at roughly the same level. Volume is highest as the price makes the first two declines, then diminishes through the right shoulder. Finally volume surges as the price closes above the neckline (drawn between the two highs) to confirm the reversal. If you decide to take a long position, use tight stop at recent swing low at and around $54 area. If you want to have a real time alerts on this security try us http://www.2waytrading.com
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