Flextronics International Ltd. (FLEX) : Traders are bullish on Flextronics International Ltd. (FLEX) as it has outperformed the S&P 500 by a wide margin of 2.5% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.29%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.62% in the last 1 week, and is up 2.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.78% and the fifty day Moving Average is 2.49%. Flextronics International Ltd. is up 3.76% in the last three month period. Year-to-Date the stock performance stands at 15.61%.
Flextronics International Ltd. (FLEX) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $16 and the lowest price target forecast is $10. The average forecast of all the analysts is $13.72 and the expected standard deviation is $1.82.
Flextronics International Ltd. (NASDAQ:FLEX): On Fridays trading session , Opening price of the stock was $13 with an intraday high of $13.12. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.92. However, the stock managed to close at $12.96, a loss of 0.08% for the day. On the previous day, the stock had closed at $12.97. The total traded volume of the day was 3,413,111 shares.
Flextronics International Ltd. (Flextronics) is a Singapore-based provider of global supply chain solutions. The Company designs, builds, ships and serves packaged electronic products for its original equipment manufacturers (OEMs) in various groups. The Company offers a range of design and engineering services that relate to manufacturing (including enclosures, metals, plastic injection molding, precision plastics, machining, and mechanicals), system integration and assembly and test services, materials procurement, inventory management, logistics and after-sales services (including product repair, warranty services, re-manufacturing and maintenance), supply chain management software solutions and component product offerings (including rigid and flexible printed circuit boards and power adapters and chargers).