Wednesday, February 22, 2012

Chart of the Day - FMC Corp (FMC)

The "Chart of the Day" is FMC Corp (FMC), which showed up on Friday's Barchart "All Time High" and "Gap Up" lists. FMC on Friday posted a new all-time high of $96.74 and closed +1.50%. TrendSpotter last Monday took a profit on a long trade, briefly turned neutral, and then issued a new Buy signal last Wednesday. In recent news on the stock, FMC last Friday announced a hike in its quarterly dividend by 20% to 18 cents per share from 15 cents and also announced a $250 million share repurchase plan. FMC on Feb 8 reported Q4 adjusted EPS of $1.58 versus the consensus of $1.37. FMC, with a market cap of $6.7 billion, is one of the world's leading producers of machinery and chemicals for industry and agriculture.


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