FMC Corp is currently trading at a P/E ratio 6x and has a 3.98% dividend. It had a very rough year in 2023, but the company estimates improved earnings and growth after 2024. From a technical analysis perspective, it appears to be in an accumulation phase after seeing a low around $50 and wavering between that value and $68 for 11 months. Unless fundamentals change post earnings, it is currently in a personal buy zone at $58.00.Target #1 - $81.00
Target #2 - $85.00
Target #3 - $90.00
Target #4 - $122.00 (very long-term...)
Trade closed manually
Too early of a call (bad one) leading to a much longer-term hold for me - no losses taken....yet. In retrospect, those two open daily price gaps in the 
30S and $40s were red flags for a "struggling" company. Patience would have played out better here on my part, but the company "offered weak forward guidance" for FY 2025 and here we are in the $30s.My last entry will be closure of the last daily price gap in
30S, but I do not want anyone to follow this trade. Coverage closed.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.