FTI: Frequent Pre-Market Activity Can Lead to Sudden MomentumFTI has been in the pre-market trading activity for several days. This can often lead to a sudden momentum action. Oil stocks tend to react to crude oil commodity pricing which has recently been in a speculative mode. by MarthaStokesCMT-TechniTrader3
FTI-broke a falling wedgeVery nice pattern broken on daily chart. Weekly chart analisis: 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." Longby FullTimeTrader0
How a Trader Netted $180,000 and Doubled their Money Overnight iFMC Technologies, Inc. provides technology solutions for the energy industry worldwide. Its Subsea Technologies segment offers subsea systems for the offshore production of crude oil and natural gas, as well as installation and workover tools, service technicians for installation assistance, and field support for commissioning, intervention, and maintenance of its subsea systems. FTI reported Earnings yesterday after the bell and I as I watch institutional order flow all day long, I saw a trader buy 1200 of the FTI May 57.5 Calls for $.80. Most traders might say that a 1200 lot is not a "Big" order, but the trade has to be compared to the usual volume of options that stock trades in a day, so this was over 25 times "Usual Volume." Lets break down their P&L: The Trade: Trader bought 1200 FTI May 57.5 Calls for $.80 Their Cash Outlay: $96,000 Cash Profit if Sold at Today's Pricing: $180,000 Full Disclosure: I bought 15 FTI May 57.5 Calls for $.80 I sold them today for $1.90 for a $1650 ProfitLongby KeeneOnMarket112