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Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
Flowserve Corporation (FLS)
Industry: Specialty Industrial Machinery
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, FLS has been trading in a range between $51.52 and $46.25 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
FLS is trading below resistance at $51.52, about 2% to the upside. There is support at $47.86 -6% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Flowserve Corporation $FLS entered a Green zone 12 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $46, a potential down side of -9.25% from the recent price of 50.69. The stock is trading 2.7% (potential upside) below its 52 week high of $52.06 and 45.54 % (potential downside) above its 52 week low of $34.83 - based on the recent price.
Company Summary
Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.
News
| Countdown to Flowserve (FLS) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS Beyond analysts' top -and-bottom-line estimates for Flowserve (FLS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024. Source: Zacks Investment Research Thu, 25 Jul 2024 10:21:10 -0400 Sentiment: Positive |
| FLS vs. NDSN: Which Stock Is the Better Value Option? Investors interested in Manufacturing - General Industrial stocks are likely familiar with Flowserve (FLS) and Nordson (NDSN). But which of these two stocks presents investors with the better value opportunity right now? Source: Zacks Investment Research Wed, 24 Jul 2024 12:41:15 -0400 Sentiment: Positive |
| Flowserve Acquires LNG Pumping Technology from NexGen Cryo to Accelerate Decarbonization Growth Strategy DALLAS--(BUSINESS WIRE)--Flowserve Corporation (“Flowserve”) (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, has acquired the intellectual property and in-process R&D related to cryogenic Liquefied Natural Gas (LNG) submerged pump technology, systems and packaging from NexGen Cryogenic Solutions, Inc. (“NexGen Cryo”), a privately held, Arizona-based company specialized in the engineering, design and testing of LNG pumps and turbin. Source: Business Wire Tue, 23 Jul 2024 16:05:00 -0400 Sentiment: Neutral |
| 4 Industrial Manufacturing Stocks to Gain From Improved Supply Chains The Zacks Manufacturing - General Industrial industry benefits from strength across prominent end-markets and improving supply-chain conditions. IR, DOV, AIT and FLS are some promising stocks in the industry. Source: Zacks Investment Research Mon, 22 Jul 2024 11:10:50 -0400 Sentiment: Positive |
| Flowserve (FLS) Earnings Expected to Grow: Should You Buy? Flowserve (FLS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Source: Zacks Investment Research Mon, 22 Jul 2024 11:06:14 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 52.06 52 Week Low: 34.8298 Beta: 1.431 50 Day MA: 48.6288 200 Day MA: 43.4674 Earnings / Revenue Trends Qtr Earnings Growth YOY: 1.8 Qtr Revenue Growth YOY: 0.109 Forward PE: 18.2815 Trailing PE: 28.0843