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Shares of FLXS Down 23.7% Since Downtrend Call on Shares

By Nick Russo

SmarTrend identified a Downtrend for Flexsteel Inds (NASDAQ:FLXS) on April 30th, 2019 at $21.31. In approximately 4 months, Flexsteel Inds has returned 23.68% as of today's recent price of $16.26.

Over the past year, Flexsteel Inds has traded in a range of $16.04 to $39.59 and is now at $16.26, 1% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.3%.

Flexsteel Industries, Inc., together with its subsidiaries, manufactures, imports, and markets residential and contract upholstered and wood furniture products in the United States. It offers its products for use in home, hotel, healthcare, recreational vehicle, marine, and office applications. The company distributes its products through its sales force and independent representatives

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

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

Keywords: spotlights flexsteel inds

Ticker(s): FLXS