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.
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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.
