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Bearish Moving Average Cross by Flowserve (FLS)

By Amy Schwartz

Today, shares of Flowserve (NYSE:FLS) have fallen below their 10-day MA of $47.35 on a volume of 229K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Flowserve have traded between a low of $33.86 and a high of $58.01 and are now at $45.94, which is 36% above that low price. The 200-day and 50-day moving averages have moved 0.09% lower and 0.92% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Flowserve and will alert subscribers who have FLS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses flowserve

Ticker(s): FLS