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Bullish Moving Average Cross by Flowserve (FLS)

By Shiri Gupta

Flowserve (NYSE:FLS) shares have crossed bullishly above their 10-day moving average of $49.52 on a volume of 108K 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.

Over the past year, Flowserve has traded in a range of $33.86 to $58.01 and is now at $49.70, 47% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

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