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19.9% Return Seen to Date on SmarTrend Flowserve Call (FLS)
Mar 04, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Flowserve (NYSE:FLS) on October 18th, 2012 at $133.96. In approximately 5 months, Flowserve has returned 19.94% as of today's recent price of $160.67.
Flowserve share prices have moved between a 52-week high of $162.61 and a 52-week low of $98.41 and are now trading 64% above that low price at $161.87 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.9%.
Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment throughout the world. The Company provides pumps, valves, and mechanical seals primarily for the refinery and pipeline segments of the petroleum, chemical processing, power generation and water treatment industries.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Flowserve shares.Log in and add Flowserve (FLS) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup
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