• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Basic Materials

FMC: Finding a Bottom

The stock has retraced two-thirds of its big rally from its 2009 low and could start the bottoming process.
By BRUCE KAMICH
Oct 13, 2015 | 11:19 AM EDT
Stocks quotes in this article: FMC

Diversified chemical company FMC (FMC) has retraced two-thirds of its big rally from its 2009 low and could start the bottoming process.

In this long-term chart of FMC, above, we can see the big rally from the 2009 low and the big decline.

Notice in the bottom panel of this monthly chart the extreme oversold readings from the stochastic indicator (an overbought/oversold indicator). These are the most oversold readings in over a decade and suggest that prices are washed out here.

In this short-term chart of FMC, above, we have a couple more positive clues.

In the past four to six weeks, the volume of trading in FMC has been heavy. Selling interests and buying interests have been matched because prices have stabilized.

Also, we are seeing a bullish divergence between the lower lows in prices for FMC and the equal lows in the momentum study. Higher lows would be more bullish, but equal lows are still a bullish divergence.

From here, we would anticipate more sideways price action in FMC. Some sideways price action could precede a better markup in the months ahead. A close below $31 would prompt us to reexamine our thoughts.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are restricted from trading individual securities.

TAGS: Investing | U.S. Equity | Basic Materials

More from Basic Materials

4 More Unloved Stocks Going Into My Latest Tax-Loss Selling Portfolio

Jonathan Heller
Dec 6, 2019 11:00 AM EST

We'll track a dozen beaten-up stocks that could be subject to tax-loss selling at the end of 2019 to see whether they can stage comebacks in 2020.

PPG Industries Can Rally Further Into 2020

Bruce Kamich
Dec 4, 2019 8:20 AM EST

PPG is looking forward to more electric vehicles, because EVs require two to four times as many coatings and adhesives as traditional vehicles.

It's Time to Start Looking at Dr. Copper

Maleeha Bengali
Nov 15, 2019 6:48 AM EST

Given what we know about global backdrop and what central banks are doing, the risk-reward looks very attractive in playing the long side of Copper.

Two Cyclical Names That Have Strong Looking Charts

Bruce Kamich
Oct 29, 2019 9:12 AM EDT

Let's visit with the charts of PPG and Caterpillar.

Opportunity Is Bottled Up in This Stock, So Be Ready When it Pops

Paul Price
Oct 22, 2019 7:00 AM EDT

Glass-container maker Owens-Illinois is a speculative play that could prove spectacular.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 10:55 AM EST BOB LANG

    Strength in Semis and Banks

    Seeing some really good power in the semis today a...
  • 09:16 AM EST CHRIS VERSACE

    Dual Dividend Gift

    Coming up soon on Real Money Pro.
  • 11:02 AM EST BOB LANG

    Added Some Peloton

    This stock is starting to gain some traction, the ...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2019 TheStreet, Inc., 14 Wall Street, 15th Fl, NY, NY 10005

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login