FMC climbs to highest close since June 6th
FMC Corporation (FMC) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
Moving higher for the 4th day in a row, FMC ended Thursday at 90.30 gaining $0.38 (0.42%). Today's closing price of 90.30 marks the highest close since June 6th. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session.
Daily Candlestick Chart (FMC as at Jun 14, 2018):
Thursday's trading range was $0.75 (0.83%), that's far below last trading month's daily average range of $1.58. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way below average.
Prices are trading close to the key resistance level at 91.36. After having been unable to move above 90.57 in the previous session, the market ran into sellers again around the same price level today, failing to move higher than 90.75.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying could speed up should prices move above the nearby swing high at 91.36 where further buy stops might get activated.