Flowserve Corporation continues its bullish rally to test new highs.

Analysts polled by Thomson Reuters have set a target price at USD 174 which represent a potential of 8.75 %.

From a technical viewpoint, prices are well oriented in a bullish trend on different time scales. This positive configuration is expected to go toward USD 161.3.

Given these elements, most active investors could take a buy position and aim to cross the USD 161.3 resistance for a new bullish signal. A stop loss is placed below the USD 157.3 short term support, threshold that would invalidate the bullish strategy.