The chart is extremely bullish but so much so that it ran to far, to fast to be trading prior to earnings.
The stock has ran 18% in October alone, so maybe best to sit on the sidelines and wait foe a better entry level.
Yield at a low 1.5%
High 31.5 P/E ratio for industrial goods.
Company profile
Flowserve Corp. engages in the manufacture and provision of aftermarket service for comprehensive flow control systems. It operates through the following segments: Engineered Product Division, Industrial Product Division, and Flow Control Division. The Engineered Product Division segment designs, manufacture, distribute and service custom and other highly-engineered pumps and pump systems, mechanical seals, auxiliary systems and replacement parts and related services. The Industrial Product Division segment covers engineered and pre-configured industrial pumps and pump systems, and related products and services. The Flow Control Division segment involves engineered and industrial valves, control valves, actuators and controls and related services. The company was founded in 1790 and is headquartered in Irving, TX.
The stock has ran 18% in October alone, so maybe best to sit on the sidelines and wait foe a better entry level.
Yield at a low 1.5%
High 31.5 P/E ratio for industrial goods.
Company profile
Flowserve Corp. engages in the manufacture and provision of aftermarket service for comprehensive flow control systems. It operates through the following segments: Engineered Product Division, Industrial Product Division, and Flow Control Division. The Engineered Product Division segment designs, manufacture, distribute and service custom and other highly-engineered pumps and pump systems, mechanical seals, auxiliary systems and replacement parts and related services. The Industrial Product Division segment covers engineered and pre-configured industrial pumps and pump systems, and related products and services. The Flow Control Division segment involves engineered and industrial valves, control valves, actuators and controls and related services. The company was founded in 1790 and is headquartered in Irving, TX.