Simon Thompson 

Flowtech’s fluid performance underrated

Simon Thompson

Simon Thompson

Shares in Skelmersdale-based Flowtech Fluidpower (FLO:159p), the UK's leading specialist supplier of technical fluid power products to around 3,400 distributors and resellers, offer a very attractive entry point, having pulled back from the 180p level to a major a support level (150p to 156p). For good measure they are massively oversold, too, with the 14-day RSI reading only 20, suggesting a tradable rally is in order at the very least.

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