FMC Technologies, Inc. (FTI) continued its downward trend with the stock declining -1.22% or $-0.43 to close the day at $34.92 on lower than average trading volume of 12.65M shares, compared to its three month average trading volume of 5.02M. The London London & South East EC4M 8AP based company has been outperforming the oil & gas equipment & services companies by 10.9382% for last three months and its recent gains have offset losses to -1.72% YTD, versus the oil & gas equipment & services industry which is up 2.52% for the same period. The RSI of 43.7 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.
FMC Technologies, Inc., together with its subsidiaries, designs, manufactures, and services technological systems and products for customers in the energy industry worldwide. It operates through Subsea Technologies, Surface Technologies, and Energy Infrastructure segments. The Subsea Technologies segment offers subsea systems for the offshore production of crude oil and natural gas; and installation, asset management, product optimization, and well access and intervention services, as well as inspection, maintenance, and repair services. This segment also provides electric and hydraulic work-class remotely operating vehicle, tether-management, launch and recovery, remote manipulator arms, and modular control systems for subsea applications, as well as support services, such as product training, pilot simulator training, spare parts, and technical assistance; and offers multiphase and wetgas meters to measure production rates of oil, water, and gas for topside and subsea applications. The Surface Technologies segment offers wellhead systems for standard and custom-engineered applications; fluid control products for the well completion and stimulation activities; and flowback, cased hole electric wireline and slickline, specialty logging, and well optimization services. The Energy Infrastructure segment provides measurement products, such as flow computers and control systems, and gas and liquid measurement systems, as well as floating production, storage, and off-loading metering systems; and design, engineering, project management, training, commissioning, and aftermarket services. This segment also offers land- and marine-based loading and transfer systems for ship-to-ship loading and offloading operations; systems that separate production flows from wells into oil, gas, sand, and water; and automation, control, and information technology services. FMC Technologies, Inc. was founded in 2000 and is headquartered in Houston, Texas.
Huntington Bancshares Incorporated (HBAN) had a light trading with around 12.26M shares changing hands compared to its three month average trading volume of 14.8M. The stock traded between $12.86 and $13.16 before closing at the price of $13.15 with 1.54% change on the day. The Columbus Ohio 43287 based company is currently trading 72.69% above its 52 week low of $7.83 and -3.8% below its 52 week high of $13.67. Both the RSI indicator and target price of 51.36 and $14.47 respectively, lead us to believe that it should be put on hold over the coming weeks.
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The companys Retail and Business Banking segment offers financial products and services, including checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, insurance, interest rate risk protection, and foreign exchange and treasury management services. Its Commercial Banking segment provides corporate risk management and institutional sales, trading, and underwriting services; commercial property and casualty, employee benefits, personal lines, life and disability, and specialty lines of insurance; and brokerage and agency services for residential and commercial title insurance, as well as excess and surplus product lines of insurance. The companys Automobile Finance and Commercial Real Estate segment offers financing for the purchase of vehicles; financing the acquisition of new and used vehicle inventory of franchised automotive dealerships; and financing for land, buildings, and other commercial real estate owned or constructed by real estate developers, automobile dealerships, or other customers. Its Regional Banking and The Huntington Private Client Group segment provides deposits, lending, and other banking services; wealth management services, and retirement plan and corporate trust services; and brokerage, annuities, advisory, and other investment products. The companys Home Lending segment offers consumer loans and mortgages. Huntington Bancshares Incorporated also provides equipment leasing; and online, mobile, and telephone banking services. The company was founded in 1866 and is headquartered in Columbus, Ohio.
Cliffs Natural Resources Inc. (CLF) traded within a range of $8.91 to $9.44 after opening the day at $9.18. The company has seen its stock increase in value by 12.13% so far this year. The stock was up close to 2.95% on light volume in last trading session and closed at $9.43 per share. After the recent gain, the stock is currently holding -13.49% below its 52 week high of $10.9 and 666.67% above its 12-month low of $1.42. The shares are up by over 66.61% in the last three months, and the RSI indicator value of 56.66 is neither bullish nor bearish, tempting investors to stay on the sidelines.
Cliffs Natural Resources Inc., a mining and natural resources company, produces and supplies iron ore. The company operates five iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia, which produces lump and fines iron ore. It also own two iron ore mines in Eastern Canada. Cliffs Natural Resources Inc. sells its iron products to integrated steel companies and steel producers in the United States, China, Canada, and internationally. The company was formerly known as Cleveland-Cliffs Inc. Cliffs Natural Resources Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.