An acceleration of the decline is currently taking place, as can be seen in the increase in volatility and trading volume for stocks in Flowserve Corporation. Investors should open a short trade and target the $ 42.1.
The close medium term support offers good timing for purchasing the stock.
Analysts covering the stock have recently lowered their earnings forecast.
For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.
The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.