Shares of FMC Under Pressure, Down 1.4%

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Jan 16, 2013 (Market movers via COMTEX) -- One of today's notable stocks in decline is FMC (NYSE:FMC), down 1.4% to $60.32. The S&P is currently trading fractionally lower to 1,470 and the Dow Jones Industrial Average is trading 0.3% lower to 13,498.

FMC Corporation produces diverse chemical solutions, applications, and products. The Company's principal business segments are industrial chemicals, specialty chemicals, and agricultural products.

FMC share prices have moved between a 52-week high of $61.93 and a 52-week low of $44.80 and are now trading 35% above that low price at $60.32 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.3%.

FMC has overhead space with shares priced $60.32, or 4.9% below the average consensus analyst price target of $63.43. The stock should discover initial support at its 50-day moving average (MA) of $56.16 and subsequent support at its 200-day MA of $54.26.

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