Flowserve Corporation is a global provider of fluid motion and control products and services. They specialize in the design, manufacture, and distribution of pumps, valves, seals, and other flow control solutions for various industries, including oil and gas, power generation, chemical processing, and water management.
The stock of Flowserve Corporation, ticker symbol FLS, is currently pressing to new highs after building a nice long-term base. Pressing to new highs refers to the stock price approaching or surpassing previous price levels that have not been reached before. This indicates potential strength and momentum in the stock. The long-term base suggests a period of consolidation and accumulation, where the stock price has traded within a relatively narrow range. This base-building process often precedes a potential breakout and upward movement.
For more technical analysis sign up for the FREE Chart Of The Day.
Recent Posts
Technical Analysis of Gap Inc.
Gap Inc. is a leading global retailer that offers clothing, accessories, and personal care products for men, women, and children. With a portfolio of well-known brands including Gap, Old Navy, Banana Republic, and Athleta, Gap Inc.
Technical Analysis of CCC Intelligent Solutions
CCC Intelligent Solutions Holdings, Inc. is a provider of innovative cloud, mobile, telematics, hyperscale technologies, and applications for the property and casualty (“P&C”) insurance economy.
Technical Analysis of Dick's Sporting Goods Inc.
Dick's Sporting Goods Inc. is a leading sporting goods retailer that offers a wide range of athletic apparel, footwear, equipment, and accessories.
Technical Analysis of Credo Technology Group Holdings
Credo Technology Group Holding Ltd. engages in the development of connectivity solutions and products for the data infrastructure market.
Technical Analysis of HP Inc.
HP Inc. is a leading technology company that specializes in providing a wide range of products and solutions for personal computing, printing, and imaging. With a strong presence in the global market, HP Inc.