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Flowserve Bearish Moving Average Crossover Alert (FLS)

By Nick Russo

Flowserve (NYSE:FLS) shares have crossed bearishly below their 10-day moving average of $48.10 on a volume of 675K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 $47.33, 40% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

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

Ticker(s): FLS