A Reversal for FMC Corporation (FMC) Is Near. The Formed Wedge Up

December 7, 2017 - By Louis Casey

Investors sentiment decreased to 0.91 in 2017 Q2. Its down 0.39, from 1.3 in 2017Q1. It is negative, 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.
Amer reported 0.01% of its portfolio in FMC Corporation (NYSE:FMC). Public Sector Pension Invest Board reported 0.01% in FMC Corporation (NYSE:FMC). North Star Investment Mngmt Corp has invested 0.01% in FMC Corporation (NYSE:FMC). Brant Point Inv Management Ltd Liability Co accumulated 0.44% or 50,000 shares. Newbrook Advisors Lp has 746,127 shares. San Francisco Sentry Grp (Ca) invested in 2,200 shares. Jaffetilchin Investment Ptnrs Limited Liability Corporation reported 0.26% of its portfolio in FMC Corporation (NYSE:FMC). Sg Americas Lc has 0.04% invested in FMC Corporation (NYSE:FMC) for 60,750 shares. State Of New Jersey Common Pension Fund D has invested 0.01% in FMC Corporation (NYSE:FMC). Cwm Limited Co holds 0.05% of its portfolio in FMC Corporation (NYSE:FMC) for 12,982 shares. Invesco Limited has invested 0.01% in FMC Corporation (NYSE:FMC). Sit Assocs Inc has invested 0% in FMC Corporation (NYSE:FMC). Columbia L L C Inv Mgmt has 0.29% invested in FMC Corporation (NYSE:FMC) for 31,321 shares. 52 are held by Advisory Ntwk Ltd Co. The Illinois-based Guggenheim Ltd Liability Company has invested 0.09% in FMC Corporation (NYSE:FMC).

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 1.35M 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 EPS, 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 EPS 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. Cowen & Co maintained the stock with “Outperform” rating in Thursday, July 23 report. Susquehanna upgraded the shares of FMC in report on Monday, April 3 to “Positive” rating. The firm earned “Buy” rating on Monday, November 30 by Guggenheim. Robert W. Baird initiated FMC Corporation (NYSE:FMC) rating on Thursday, March 23. Robert W. Baird has “Neutral” rating and $67 target. On Friday, November 20 the stock rating was initiated by Citigroup with “Neutral”. The company was maintained on Friday, October 13 by SunTrust. The firm earned “Buy” rating on Friday, January 8 by Societe Generale. Jefferies maintained the stock with “Buy” rating in Monday, August 14 report. Goldman Sachs upgraded the shares of FMC in report on Monday, December 12 to “Buy” rating. The rating was maintained by BMO Capital Markets on Friday, May 5 with “Hold”.

More notable recent FMC Corporation (NYSE:FMC) news were published by: Reuters.com which released: “FMC Corp announces $300 mln lithium investment in Argentina” on November 09, 2017, also Prnewswire.com with their article: “FMC Corporation Announces Agreement with Nufarm Limited” published on November 08, 2017, Streetinsider.com published: “FMC Corp. (FMC) PT Raised to $112 at KeyBanc; Remains Bullish” on December 04, 2017. More interesting news about FMC Corporation (NYSE:FMC) were released by: Nasdaq.com and their article: “Lithium Stock Face Off: Is ALB More Attractive Than FMC?” published on November 22, 2017 as well as Streetinsider.com‘s news article titled: “FMC Corp. (FMC) PT Raised to $106 at Nomura/Instinet” with publication date: November 08, 2017.

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