Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and JULIE MAK

Flowserve Stock Earns RS Rating Upgrade

On Wednesday, Flowserve stock earned a positive adjustment to its Relative Strength (RS) Rating, from 63 to 80.

This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they begin their biggest price moves.

Risk Management In The Stock Market: How Much Money To Invest Now

Is Flowserve Stock A Buy?

Flowserve stock recently rallied off its 50-day moving average and is in a buying range after clearing a 52.09 buy point in a consolidation. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buy zone.

The Irving, TX-based maker of flow control systems showed 40% EPS growth in its most recent report. Sales increased 7%.

Flowserve stock  holds the No. 4 rank among its peers in the Machinery-General Industrial industry group. SPX Technologies is the No. 1-ranked stock within the group.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.