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Flexsteel Industries, Inc. (FLXS) - Buy, Sell or Hold?

Sector: Consumer Durables   Sub-Sector: Home Furnishings
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneDojiMon, 27 Nov 20171.94%
***Stock database and scans are updated around midnight (New York time) every trading day.
50.97 0.00 (0%) Nov 28 4:00pm EST
Open: 50.00 Range: 49.78 - 51.40 Vol: 30.03K Avg Vol: 32.32K
EPS: 3.02 P/E ratio: 16.65 EBITDA: 43.13M Mkt Cap: 393.26M
Analyze "FLXS" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 50.42
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 48.32
Last Trade is above the 50 day moving average at 48.90
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 50.88
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of FLXS

Stock Trend Analysis - Buy, Sell or Hold "Flexsteel Industries, Inc." (FLXS)?

FLXS is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 62% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation FLXS will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 50.88. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "FLXS".

The analyst consensus estimates for the 1 year price target for this stock is $50.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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