Flowserve Corporation (FLS) Shares are Up 4.46%

Flowserve Corporation (FLS) has been under a strong bear grip, hence the stock is down -0.55% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.29% in the past 1 week. The stock has risen by 4.46% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.09% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 2.91% and the 50-Day Moving Average is 1.67%.The 200 Day SMA reached 8.01%

Flowserve

Flowserve Corporation (NYSE:FLS): After opening at $47.64, the stock dipped to an intraday low of $47.585 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $48.49 and the buying power remained strong till the end. The stock closed at $48.24 for the day, a gain of 1.92% for the day session. The total traded volume was 1,667,957. The stocks close on the previous trading day was $48.24.

Flowserve Corporation (FLS) : The highest short term price target forecast on Flowserve Corporation (FLS) is $54 and the lowest target price is $35. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $45.33 with a standard deviation of $4.92.

Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company develops and manufactures precision-engineered flow control equipment integral to the movement, control and protection of the flow of materials. The Company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD) and Flow Control Division (FCD). Its EPD designs, manufactures, distributes and services engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts and related equipment. Its IPD designs, manufactures, distributes and services pre-configured engineered pumps and pump systems, including submersible motors, for industrial markets. The Companys FCD designs, manufactures, distributes and services a portfolio of industrial valve and automation solutions, including isolation and control valves, actuation, controls and related equipment.

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