FMC Technologies (FTI) provides technology solutions for the energy sector. Much of the energy space has struggled for the last several months for a number of reasons, one of which has been the higher dollar. The rising greenback has provided a headwind for energy companies, but with the suddenly weak jobs report on Friday, the U.S. dollar has continued to correct. FTI seems to be in a solid technical position for a bounce as it's challenging multi-year price support after a rapid decline at a time when a long-term positive divergence has formed on its weekly chart. Check it out:
Note also that during 2015, the three highest weekly volume bars accompanied higher price action - a positive technical development as well.