FMC Corp | FMC | Long at $58.00

1 Agu 2024

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...)

4 hari yang lalu

Trading ditutup secara manual

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.