FLSLooks like a SHARK is in play - take either the break out of the flag, or wait to see how it handles the gap below.
FLS trade ideas
Flowserve Corp Symmetrical Triangle SetupThis textbook symmetrical triangle setup caught my eye as FLS was a big negative mover on the Stockcharts Technical Rankings. I've overlaid a ratio to the SPX where you can see a divergence with FLS underperforming, With earnings approaching before the apex of the triangle it is likely to be resolved there. Given this underperformance I am biased to the short side but will likely use options to define my risk here as could break either way.
