• Return to Headlines

Bullish Moving Average Cross by Flowserve Corp (FLS)

By James Quinn

Flowserve Corp (NYSE:FLS) crossed over its 10-day moving average of $41.72 on a volume of 141K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Flowserve Corp share prices have been bracketed by a low of $37.51 and a high of $49.15 and are now at $41.90, 12% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Flowserve Corp on May 15th, 2018 by issuing a Downtrend alert when the shares were trading at $43.55. Since that call, shares of Flowserve Corp have fallen 4.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses flowserve corp

Ticker(s): FLS