Flowserve (FLS) Is Up 1.45% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Flowserve (FLS) - Flowserve currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [4] Price Performance - Over the past week, Flowserve shares increased by 1.45%, while the Zacks Manufacturing - General Industrial industry declined by 1.08% [6] - In a longer timeframe, Flowserve's monthly price change is 41.05%, significantly outperforming the industry's 0.18% [6] - Over the last quarter, Flowserve shares rose by 31.58%, and over the past year, they gained 15.63%, compared to the S&P 500's increases of 6.44% and 13.97%, respectively [7] Trading Volume - Flowserve's average 20-day trading volume is 2,606,989 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, four earnings estimates for Flowserve have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $3.37 to $3.45 [10] - For the next fiscal year, five estimates have also moved higher without any downward revisions [10] Conclusion - Given the strong momentum indicators and positive earnings outlook, Flowserve is recommended as a stock to consider for near-term investment opportunities [12]