TechnipFMC plc ( FTI) is a leader in energy projects, technologies, systems, and services. I had not heard of the name before today but I like what I see with stock's price action and want to share four charts with Real Money subscribers. 
In this daily bar chart of FTI, below, I can see that share prices have moved steadily higher the past 12 months. FTI trades above the rising 50-day moving average line and above the rising 200-day line.
The On-Balance-Volume (OBV) line shows a positive trend up to March followed by a sideways trend. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line.
In the weekly Japanese candlestick chart of FTI, below, I see a promising setup. Prices traded sideways from 2020 to the middle of 2022 before turning higher. The shares have tripled from their 2022 nadir but further gains are likely. FTI trades above the rising 40-week moving average line.
The weekly OBV line is strong and the MACD oscillator is bullish. The candles are not showing any warning signs of a possible top reversal.
In this daily Point and Figure chart of FTI, below, I can see an upside price target in the $20 area.
In this weekly Point and Figure chart of FTI, below, a price target in the $24 area.
Bottom-line strategy: Looking for some exposure to the energy sector. FTI may be what you need. Traders could go long FTI in the $18-$17 area, risk to $15. The $24 area is my price target for now.
