• Return to Headlines

Downtrend Call Working As Flotek Inds Stock Falls 50.8% (FTK)

By Shiri Gupta

SmarTrend identified a Downtrend for Flotek Inds (NYSE:FTK) on May 5th, 2017 at $10.59. In approximately 4 months, Flotek Inds has returned 50.80% as of today's recent price of $5.21.

In the past 52 weeks, shares of Flotek Inds have traded between a low of $4.91 and a high of $16.93 and are now at $5.21, which is 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 3.2%.

Flotek Industries, Inc. manufactures and markets downhole equipment and specialty chemicals. The Company also engineers, designs, and constructs equipment for cementing and stimulation. Flotek serves major and independent companies in the international oilfield service industry.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Flotek Inds.

Log in and add Flotek Inds (FTK) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights flotek inds

Ticker(s): FTK