Flotek Industries (FTK) Shares are Up 11.59%

Flotek Industries (FTK) has been under a strong bear grip, hence the stock is down -8.23% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 11.4% in the past 1 week. The stock has risen by 11.59% in the past week indicating that the buyers are active at lower levels, but the stock is down -8.73% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.19% and the 50-Day Moving Average is 0.56%.The 200 Day SMA reached 33.78%

Flotek

Flotek Industries (NYSE:FTK): After opening at $14.3, the stock dipped to an intraday low of $14.17 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.65 and the buying power remained strong till the end. The stock closed at $14.54 for the day, a gain of 2.54% for the day session. The total traded volume was 976,386. The stocks close on the previous trading day was $14.54.

Flotek Industries, Inc. is a diversified, technology-driven company that develops and supplies oilfield products, services and equipment to the oil, gas and mining industries. The Company also develops and supplies compounds to companies that make cleaning products, cosmetics, food and beverages and other products for the consumer and industrial markets. The Company has four segments: Energy Chemical Technologies, Consumer and Industrial Chemical Technologies, Drilling Technologies and Production Technologies. The Companys customers primarily include major integrated oil and natural gas companies, oilfield service companies, independent oil and natural gas companies, pressure pumping service companies, international supply chain management companies, national and state-owned oil companies, household and commercial cleaning product companies, fragrance and cosmetic companies, and food manufacturing companies.

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