Long Position on FMC @ $88.40 on 6/26/2018 (Momentum)

FMC Corporation (FMC) is a diversified chemical company.

It provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium.

The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.

The FMC Lithium segment manufactures lithium for use in batteries, polymers, pharmaceuticals, greases and lubricants, glass and ceramics, and other industrial uses. 

Shares are heading higher in an upward trading channel. The formation is supported by the stock's 50-day moving average. Higher share prices are expected for this stock. 

Entry Point: $88.40

Stop Loss: $84.00

52-Weeks Trading Range: $71.43 - $98.70

Target Price: $97.24

Position closed on 2/20/2019 at price of $87.80 with a -0.68% loss in 239 days.

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