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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