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Flowserve Bullish Moving Average Crossover Alert (FLS)

By Amy Schwartz

Today, shares of Flowserve (NYSE:FLS) have advanced above their 10-day MA of $48.29 on a volume of 372K 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 $49.08, 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

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