FMC CORP
(FMC-NYSE):
Technical Viewpoint: From a low
of $38.44 on Jul 26, 2004 prices
rallied, reaching a
high of $44.55
on Jul 30, 2004. A
decline saw prices pull back, reaching a
low of
$41.52 on Aug 6, 2004.
Another rally saw prices penetrate
resistance, closing 8/24/04
at $45.87. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 31, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $42.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 24, 2004. A P&F upside
reversal takes place at $44.00. Summary: Technical indicators have turned bullish. BUY! FMC CORP
(FMC-NYSE) @ $46.13 Stop: Use a protective stop of $0.
FMC CORP is currently trading @ $45.87 plus $1.81 on Aug 24, 2004. Price Objective:
$59.50. Risk/Reward: $2.00 VS. $13.38. Today's Risk Reward Ratio: 7:1
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