Keep in mind that MTZ is set to report earnings on Aug. 1 after the market close. The probability that MTZ takes out that 52-week high ahead of earnings is strong due to its current trend. That said, traders should adjust your prices for a breakout to new highs after earnings, since we have to see how the stock reacts to the numbers first.
Flowserve ( FLS) develops and manufactures precision-engineered flow control equipment, such as pumps, valves and seals, for critical service applications that require high reliability. This stock closed up 1% at $57.35 in Friday's trading session.
Friday's Volume: 1.91 million
Three-Month Average Volume: 1.07 million
Volume % Change: 96%
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