Friday, April 22, 2016

The Bowser Report – Daily Mover Alert April 21

Yesterday, The Bowser Report issued a daily mover alert on Flexible Solutions International, Inc. (FSI), which gained more than 10 percent for the day.

FSI gained on high relative volume today steadily but failed to hold above it’s key resistance level of $1.25. The company has earnings in the middle of May, but likely moved due to the recent upgrade from Zacks Investment Research. Zacks upgraded FSI from a sell rating to a hold rating yesterday.

FSI currently has a Bowser Rating of 10, which has not changed recently. In order for FSI’s Bowser Rating to increase, it needs to have impressive quarterly sales growth and a more consistent earnings trend. However, this recent bullish move is the first upturn that the stock has seen in quite awhile. It is still trading under $3 so it is still in a buy zone. If FSI can manage to break and hold above $1.25 resistance, then it has a great chance of filling it’s gap up to $1.86 from July.

To learn more about The Bowser Report, visit https://thebowserreport.com

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