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Flowserve Bullish Moving Average Crossover Alert (FLS)

By David Diaz

Flowserve (NYSE:FLS) shares have crossed bullishly above their 10-day moving average of $50.02 on a volume of 340K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Flowserve share prices have moved between a 52-week high of $58.01 and a 52-week low of $33.86 and are now trading 48% above that low price at $50.17 per share. 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 recommended that subscribers consider buying shares of Flowserve on April 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.51. Since that recommendation, shares of Flowserve have risen 8.8%. We continue to monitor FLS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses flowserve

Ticker(s): FLS