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Omega Flex Inc Down 32.1% Since SmarTrend Downtrend Call (OFLX)

By Amy Schwartz

SmarTrend identified a Downtrend for Omega Flex Inc (NASDAQ:OFLX) on August 13th, 2018 at $87.25. In approximately 3 months, Omega Flex Inc has returned 32.10% as of today's recent price of $59.24.

Omega Flex Inc share prices have moved between a 52-week high of $95.00 and a 52-week low of $53.50 and are now trading 11% above that low price at $59.24 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 3.9%.

Omega Flex, Inc. manufactures flexible metal hose. The Company's product is used in a variety of applications to carry gases within residential and commercial buildings, vibration absorbers in high vibration applications, and other types of gases and fluids in a number of industrial applications.

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

Log in and add Omega Flex Inc (OFLX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights omega flex inc

Ticker(s): OFLX