Bullish Moving Average Cross by Flowserve (FLS)
Today, shares of Flowserve (NYSE:FLS) have crossed bullishly above their 10-day moving average of $45.18 on a volume of 533K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Flowserve share prices have been bracketed by a low of $33.86 and a high of $58.01 and are now at $45.48, 34% 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 monitoring the recent change of momentum in Flowserve. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Flowserve in search of a potential trend change.
Keywords: moving crosses flowserve