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Watch for Flowserve Corp to Potentially Rebound After Falling 3.80% Yesterday

By Nick Russo

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.

In the past 52 weeks, shares of Flowserve Corp have traded between a low of $35.88 and a high of $54.16 and are now at $46.63, which is 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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