More Downside for FLIR Systems ?

flir New York, May 8th (TradersHuddle.com) - Shares of FLIR Systems, Inc. (NASDAQ:FLIR) booked a new 52 week low by trading below $21.4. Traders are definitely monitoring FLIR's price action to see if this move attracts further selling, or if this last push down sets a tradable bottom in the stock.

FLIR Systems, Inc. (NASDAQ:FLIR) designs, manufactures, and markets thermal imaging and broadcast camera systems for a variety of applications in the commercial and government markets.

FLIR Systems is currently trading -0.78% versus its previous trading session close, and it has calculated support and resistance at $21.86 and $26.65 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.

The overall market index S&P 500 is trading lower by -1.4% from its previous trading close, which means that FLIR Systems stock is outperforming the overall market.

Stock Market

Loading
Chart
o Dow Jones 17,745.98 ▼5.41 (-0.03%)
o S&P 500 2,108.63 ▲0.06 (0.00%)
o NASDAQ 5,128.79 ▲17.05 (0.33%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,745.98 Trade time:4:32PM EDT Value change:▼5.41 (-0.03%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,108.63 Trade time:4:32PM EDT Value change:▲0.06 (0.00%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:5,128.79 Trade time:5:15PM EDT Value change:▲17.05 (0.33%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.