FMC Is Still in an Uptrend But Momentum Has Slowed

We were bullish on FMC Corp. (FMC) back in April when we said, "Currently FMC has an upside target of $82+, which will be a breakout over the 2014 highs. This anticipated breakout should give us higher upside price objectives. The bull is in charge of FMC, so we want to be a buyer. FMC might have a shallow and brief pullback and that should be used to buy. I would recommend a stop close only order below $69."

If you followed our strategy you would have participated in a nice rally as prices have reached $88. How do the charts look now and should we take some money off the table? Let's see....227 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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