FullTimeTrader
Long

FTI-broke a falling wedge

BATS:FTI   FMC TECHNOLOGIES INC
58 0 0
Very nice pattern broken on daily chart .
Weekly chart analisis:
snapshot


Some fundamental information from public source:

MC Technologies designs, manufactures and services systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems for the energy industry.

"We rate FMC TECHNOLOGIES INC             ( FTI             ) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks . The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year."
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