Colfax Corporation (CFX) : Traders are bullish on Colfax Corporation (CFX) as it has outperformed the S&P 500 by a wide margin of 5.9% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.62%, 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 6.8% in the last 1 week, and is up 5.33% 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 7.49% and the 50-Day Moving Average is 6.05%.The 200 Day SMA reached 15.45%
Colfax Corporation (NYSE:CFX): After opening at $30.84, the stock dipped to an intraday low of $30.65 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $31.66 and the buying power remained strong till the end. The stock closed at $31.43 for the day, a gain of 3.12% for the day session. The total traded volume was 753,396. The stocks close on the previous trading day was $31.43.
Colfax Corporation (CFX) stock is expected to deviate a maximum of $3.78 from the average target price of $31 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $36 and the most muted being $25.
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.