FTI our Free Stock Pick for Tue Feb 7th 2012  

FMC Technologies (FTI) has been consolidating in an ascending triangle since early December after a two-month run from under 39 to near 55.

The stock has double-topped in that 55 area, a break above which would accelerate the stock higher. First target 56.60 and then 58.60, with an initial stop loss of 52.55.

Sinisa Persich is a technical analyst and author of TraderHR (www.traderhr.com), featuring his daily, small-cap, swing trade set-ups for yielding profits in both up and down markets. Sign up for a Free 15-Day Trial!