Flowserve Achieves a Commanding Relative Strength Rating Upgrade to 81

In the ever-changing landscape of the stock market, investors keenly watch for stocks exhibiting superior relative strength. Flowserve Corporation FLS, a prominent name in industrial flow management equipment, has recently captured investor attention with its Relative Strength (RS) Rating climbing from 77 to 81 on Wednesday. This improvement signifies a notable momentum in the company's stock performance, indicative of market leadership.

Understanding the Significance of RS Rating

An RS Rating is a measure used by investors to compare a stock's price movement over the last 12 months to that of the broader market. Stocks that achieve an RS Rating of 80 or higher are often sought after on watch lists because they demonstrate strong market trends. The jump in FLS's rating places it in a prime position for consideration by investors looking to bolster their portfolios with robust stocks.

Background of Flowserve Corporation

Headquartered in Irving, Texas, Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment across numerous global regions including the US, Canada, Mexico, the Middle East, Africa, Asia Pacific, and Europe. The leap in RS Rating is a reflection of the company's solid footing in the industry and potential for sustained growth.

Peer Comparison

Alongside Flowserve, other industry players such as Ingersoll Rand Inc. IR, a comprehensive provider of industrial equipment, are also navigating the market dynamics. IR has a historical footprint dating back to 1859, with a diverse customer base and a strong brand portfolio. Meanwhile, SPX Corporation SPXC, specializing in HVAC, sensing and measurement, as well as power transmission and generation, contributes to the intricate interplay of companies within this sector. Each of these entities, including FLS, are key to monitoring when analyzing stocks with strong relative price strength.

Flowserve, IngersollRand, SPXCorporation