SPX FLOW, Inc. (FLOW) Forms Bearish Head & Shoulders; Strong Momentum for Sellers

July 27, 2018 - By Vernon Prom

SPX FLOW, Inc. (NYSE:FLOW) Logo

The stock of SPX FLOW, Inc. (FLOW) formed H&S with $41.91 target or 9.00 % below today’s $46.06 share price. The 8 months Head & Shoulders indicates high risk for the $1.96B company. It was reported on Jul, 27 by Faxor.com. If the $41.91 price target is reached, the company will be worth $176.31 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 1.23% or $0.56 during the last trading session, reaching $46.06. About 127,483 shares traded. SPX FLOW, Inc. (NYSE:FLOW) has risen 16.31% since July 27, 2017 and is uptrending. It has outperformed by 3.74% the S&P500.

Analysts await SPX FLOW, Inc. (NYSE:FLOW) to report earnings on August, 1 before the open. They expect $0.45 EPS, up 36.36 % or $0.12 from last year’s $0.33 per share. FLOW’s profit will be $19.14M for 25.59 P/E if the $0.45 EPS becomes a reality. After $0.41 actual EPS reported by SPX FLOW, Inc. for the previous quarter, Wall Street now forecasts 9.76 % EPS growth.

Another recent and important SPX FLOW, Inc. (NYSE:FLOW) news was published by Prnewswire.com which published an article titled: “SPX FLOW Launches Next Generation Mix Proof Valve Series” on July 19, 2018.

SPX FLOW, Inc. provides various engineered solutions worldwide. The company has market cap of $1.96 billion. The firm engineers, designs, makes, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems, and components, as well as aftermarket components and support services. It has a 28.22 P/E ratio. It operates through three divisions: Food and Beverage, Power and Energy, and Industrial.

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