FMC Corp. Crash Shows Why Technical Analysis Matters Too

Sungarden Investment Publishing
Investing Group Leader
(10min)

Summary

  • FMC Corp.'s 35% drop highlights the importance of careful stock selection and the benefits of trades not made.
  • I prioritize chart patterns and hedging strategies like the "Dog Collar" to manage risk in a volatile market.
  • FMC's valuation and technical indicators suggest caution, despite potential long-term opportunities.
  • Emphasize combining fundamental analysis with technical analysis and options to protect investments in unpredictable markets.
  • I do much more than just articles at Sungarden YARP Portfolio: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »
FMC Corporation headquarters in Philadelphia, Pennsylvania, USA.

JHVEPhoto/iStock Editorial via Getty Images

When I saw on Wednesday morning that FMC Corp. (NYSE:FMC) was down 35% from the previous night's close, a popular expression from the world of sports came to mind:

"You miss 0% of the shots you don't take."

That is

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This article was written by

Sungarden Investment Publishing
6.72K Followers
I'm Rob Isbitts, founder of Sungarden Investment Publishing. I run the new investing group Sungarden YARP Portfolio, a community dedicated to navigating the modern investment climate with humility, discipline, and a non-traditional approach to income investing. I've been charting investments since the 1980s, and I spent decades an an investment advisor and fund manager before semi-retiring in 2020. Now, this investing group is my focus. The markets tells us a story…we just have to listen! I teach subscribers how to do that.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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