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Tale of the Tape

Zacks Equity Research

Is Flextronics (FLEX) Ready to Breakout?


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Are you a technical investor? If so, it may be time to consider Flextronics International Ltd. (FLEX - Free Report) for your portfolio. The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for FLEX.

This trend may have already begun, as shares of FLEX have moved by higher by 5.4% in just the past month. Plus, FLEX has earned itself a Zacks Rank #2 (Buy), so there is plenty of reason to believe that the run for Flextronics has plenty of life left.

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