SPX FLOW, Inc. (FLOW) Formed Double Top Pattern; Buyers Could Thrive

February 19, 2018 - By Hazel Jackson

The chart of SPX FLOW, Inc. (FLOW) shows a double top with $51.06 target or 9.00 % above today’s $46.84 share price. The 5 months chart pattern indicates low risk for the $1.99B company. It was reported on Feb, 19 by Finviz.com. If the $51.06 price target is reached, the company will be worth $179.10 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.45% or $0.21 during the last trading session, reaching $46.84. About 210,311 shares traded. SPX FLOW, Inc. (NYSE:FLOW) has risen 40.57% since February 19, 2017 and is uptrending. It has outperformed by 23.87% the S&P500.

SPX FLOW, Inc. (NYSE:FLOW) Ratings Coverage

Among 9 analysts covering Spx Flow Inc (NYSE:FLOW), 4 have Buy rating, 2 Sell and 3 Hold. Therefore 44% are positive. Spx Flow Inc had 23 analyst reports since September 29, 2015 according to SRatingsIntel. The rating was initiated by RBC Capital Markets on Thursday, October 1 with “Underperform”. The firm has “Underperform” rating by Bank of America given on Tuesday, October 13. The rating was initiated by William Blair on Thursday, November 19 with “Market Perform”. The stock of SPX FLOW, Inc. (NYSE:FLOW) has “Neutral” rating given on Friday, November 6 by Seaport Global. Credit Suisse maintained SPX FLOW, Inc. (NYSE:FLOW) rating on Wednesday, April 12. Credit Suisse has “Sell” rating and $30 target. The stock of SPX FLOW, Inc. (NYSE:FLOW) earned “Neutral” rating by Credit Suisse on Tuesday, September 29. RBC Capital Markets maintained SPX FLOW, Inc. (NYSE:FLOW) rating on Wednesday, April 12. RBC Capital Markets has “Hold” rating and $35 target. Susquehanna upgraded the shares of FLOW in report on Tuesday, August 8 to “Positive” rating. Susquehanna initiated the shares of FLOW in report on Tuesday, September 29 with “Neutral” rating. The rating was initiated by Morgan Stanley on Wednesday, November 25 with “Equal-Weight”.

More recent SPX FLOW, Inc. (NYSE:FLOW) news were published by: Gurufocus.com which released: “SPX FLOW to Present at the 2018 Gabelli Pump, Valve & Water Systems Symposium” on February 15, 2018. Also Prnewswire.com published the news titled: “SPX FLOW Reports Fourth Quarter and Full Year 2017 Results and Provides 2018 …” on February 06, 2018. Prnewswire.com‘s news article titled: “SPX FLOW to Present at the 2018 Barclays Industrial Select Conference” with publication date: February 06, 2018 was also an interesting one.

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