Flowserve Finds A 6-Year High
Good evening. Welcome to Trends with No Friends.
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Stocks stalled to start the week.
Every major index finished lower. The Nasdaq Composite dropped -1.18%. The S&P 500, Dow and Russell 2000 fell approx. -1.00%.
Energy was the only positive sector. Utilities tumbled -2.30%. Consumer discretionary, financials and communications stumbled more than -1.00%.
New 52-Week Highs led New Lows — 112 vs. 26.
THE BEST OF THE BEST
Flowserve Corporation ($FLS) is the Best of the Best. The energy flow control product manufacturer marched +3.59% and closed at its highest price since October 2018.
Here’s the daily chart.
And monster monthly chart.
THE WORST OF THE WORST
Celsius Holdings ($CELH) is the Worst of the Worst. The energy drink manufacturer fizzled -4.73% and closed at its lowest price since April 2023.
Here’s the daily chart.
And weak weekly chart.
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