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Watch for Flowserve Corp to Potentially Rebound After Falling 1.00% Yesterday

By Amy Schwartz

Flowserve Corp (NYSE:FLS) traded in a range yesterday that spanned from a low of $46.80 to a high of $47.08. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $46.95 on volume of 250,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Flowserve Corp share prices have moved between a 52-week high of $54.16 and a 52-week low of $39.75 and are now trading 16% above that low price at $46.14 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

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