Flextronics International Ltd. (NASDAQ: FLEX) Stock Upgraded at Goldman Sachs Group Inc.

Analysts at Goldman Sachs Group Inc. upgraded shares of Flextronics International Ltd. (NASDAQ: FLEX) from Neutral to Buy today.With a rating of Buy on the shares, the company has a 52-week high of $13.49. A number of other analysts have commented on the stock recently, and Flextronics International Ltd. has secured a consensus one-year price target of $14.29, higher than the opening price of $13.34. Share prices sometimes get a bounce to the upside when analysts upgrade a stock.

U.S. stocks on Monday closed essentially flat, after trading firmly higher, in a volatile session ahead of the start of a pair of closely watched central-bank policy meetings.

The Dow Jones Industrial Average DJIA, -0.02% closed down 3.63 points at 18,120.17.

The blue-chip index had been up by as much as 131 points earlier and traded within a 162-point range.

The S&P 500 SPX, +0.00% slipped 0.04 points to close at 2,139.12, after trading within an 18-point range

Meanwhile, the Nasdaq Composite Index COMP, -0.18% declined 9.54 points, or 0.2%, to close at 5,235.03.

Earlier, the Nasdaq Composite Index had been up by as many as 37 points and traded with a 58-point range

Shares of Flextronics International Ltd. (NASDAQ: FLEX) opened at $13.34 yesterday and traded in a range between, $13.10 and $13.49, and last traded at $13.13, which represents a spike of $0.06 from the previous closing price.

Flextronics International Ltd. (NASDAQ: FLEX) currently has a market cap of 7.17B.

2,613,094 shares crossed the trading desk yesterday, 82 percent below the average, out of a total float 493,933,000. Trading volume is likely to increase in the next few days as investors often use upticks in trading volume to identify large volume growth or dissemination by institutional investors.

As with all potential breakouts, investors look for volume to be at least 40%-50% greater than normal on the breakout to demonstrate that fund managers and other professional investors are jumping in.

Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These instituitional investors have substantial teams of analysts that investigate thousands of stocks, so it is good validation to see them buying a stock you’re considering.

By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.

With that in mind, Flextronics International Ltd. (NASDAQ: FLEX) now has a 50-day MA of $12.86 and 200-day MA of $12.43. It has traded in a 52-week range between $8.85 – 13.49 and today’s last price is 0.03% lower than the 52 week high of $13.49.

Earnings growth is an important factor to look at when buying stocks and investors identify companies that have raised their earnings at least 25% or more over 3 consecutive years.

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