CIRCOR International (CIR): Shares define bullish 'flag' pattern

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CIRCOR International (CIR): Shares define bullish 'flag' pattern
Jul 14, 2008 11:35 AM UTC

Larry Schutts

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Symbol	Sentiment	Start	Return	Closed
CIR		07/14/08	-59.48%	--

Via BloggingStocks:

Filed under: Good news, Technical Analysis, Stocks to Buy

CIRCOR International (NYSE: CIR) makes valves, pipe fittings and controls for instrumentation, aerospace, cryogenic and steam applications. It also provides values, regulators, and pipeline closures for use in the oil, gas and chemical processing industries. The company sells its products through a direct sales force and commissioned representatives, in about 130 countries.

The firm pleased investors last week, when it boosted its Q2 EPS guidance from 74-83 cents to $1.04-$1.10. Analysts had been looking for 80 cents. In discussing the positive view, the CEO emphasized strong revenue growth and margins in the firm's Energy segment.

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