Flextronics International Ltd. (FLEX) has risen sharply, recording gains of 0.96% in the past 4 weeks. However, the stock has corrected -0.16% in the past 1 week, providing a good buying opportunity on dips. Flextronics International Ltd. (FLEX) : During the past 4 weeks, traders have been relatively bearish on Flextronics International Ltd. (FLEX), hence the stock is down -1.49% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.58% relative to the S&P 500.
Flextronics International Ltd. (NASDAQ:FLEX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.52 and $12.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.65, notching a gain of 1.61% for the day. The total traded volume was 3,066,870 . The stock had closed at $12.45 on the previous day.
The stock has recorded a 20-day Moving Average of 0.99% and the 50-Day Moving Average is 0.35%. Flextronics International Ltd. is up 4.29% in the last 3-month period. Year-to-Date the stock performance stands at 12.85%.
Flextronics International Ltd. (FLEX) : The highest level Flextronics International Ltd. (FLEX) is projected to reach is $16 for the short term and the lowest estimate is at $10. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $13.85 and the possibility the share price can swing is $1.76.
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).