Colfax Corporation (CFX) : Traders are bullish on Colfax Corporation (CFX) as it has outperformed the S&P 500 by a wide margin of 6.95% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.01%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.95% in the last 1 week, and is up 10.54% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.65% and the 50-Day Moving Average is 5.65%. Colfax Corporation has dropped 9.47% during the last 3-month period . Year-to-Date the stock performance stands at 25.74%.
Colfax Corporation (NYSE:CFX): stock turned positive on Friday. Though the stock opened at $29.14, the bulls momentum made the stock top out at $29.38 level for the day. The stock recorded a low of $28.25 and closed the trading day at $29.36, in the green by 0.55%. The total traded volume for the day was 1,351,857. The stock had closed at $29.2 in the previous days trading.
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid-handling, and fabrication technology products and services to commercial and Governmental customers around the world under the Howden, ESAB and Colfax Fluid Handling brand names. The Companys segments include gas and fluid handling, and fabrication technology. The gas and fluid handling segment supplies a range of products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps, fluid-handling systems and controls and specialty valves, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets. Fabrication technology segment formulates, develops, manufactures and supplies consumable products and equipment for the cutting and joining of steels, aluminum, and other metals and metal alloys.