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After Yesterday's Decline of 3.80%, Flowserve Corp Offers Investors Better Value

By Amy Schwartz

Flowserve Corp (NYSE:FLS) traded in a range yesterday that spanned from a low of $46.45 to a high of $48.06. Yesterday, the shares fell 3.8%, which took the trading range below the 3-day low of $46.70 on volume of 71,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Flowserve Corp has traded in a range of $35.88 to $54.16 and is now at $46.63, 30% above that low. The 200-day and 50-day moving averages have moved 0.03% higher and 0.07% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Flowserve Corp and will alert subscribers who have FLS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders flowserve corp

Ticker(s): FLS