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Shares of FLIR Down 25.1% Since Downtrend Call on Shares

By Nick Russo

SmarTrend identified a Downtrend for Flir Systems (NASDAQ:FLIR) on October 8th, 2018 at $58.95. In approximately 2 months, Flir Systems has returned 25.14% as of today's recent price of $44.13.

Flir Systems share prices have moved between a 52-week high of $63.88 and a 52-week low of $43.51 and are now trading 1% above that low price at $44.13 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has remained constant.

FLIR Systems, Inc. designs, manufactures, and markets thermal imaging and broadcast camera systems for a variety of applications in the commercial and government markets. The Company makes products for condition monitoring, research and development, airborne observation and broadcast, search and rescue, and surveillance and reconnaissance.

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

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

Keywords: spotlights flir systems

Ticker(s): FLIR