FMC Bearish Moving Average Crossover Alert (FMC)

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Jan 16, 2013 (Moving average crossovers via COMTEX) -- Today, shares of FMC (NYSE:FMC) have crossed bearishly below their 10-day moving average of $60.63 on a volume of 281K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.Over the past year, FMC has traded in a range of $44.80 to $61.93 and is now at $60.53, 35% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.8%.

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

Potential upside of 4.8% exists for FMC, based on a current level of $60.53 and analysts' average consensus price target of $63.43. The stock should find initial support at its 50-day moving average (MA) of $56.16 and further support at its 200-day MA of $54.26.

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