We are close enough to the 45 support level that the downside risk is exceeded by extreme demand for new reserves. Big oil reserves are not being replenished to 100% and fmc has a lot of backlog and plenty of new work. A stumble would be more like boeing's problems than recessionary demand fall of oil. Time to buy below 50 for the rise to 50-55 area until next quarter report.
hey bhodhe...excellent call @ the 45 level...FTI has achieved your target & according to my software it could continue to climb & challenge the prior highs of late last year...if the 59.26 level is cleared, FTI should make it... anne