Flowserve: A Valve n' Dump or the Quintessential Energy Catch-Up Trade?

Energy stocks are notably outperforming crude oil itself today, raising the specter of another potential leg higher in a sector on the comeback trail for over a month now.

With this in mind, we want to stay opportunistic for "catch-up" trades which have yet to really surge with the sector.

Flowserve is one example, as they make the pumps, valves, and seals for a variety of energy firms. On the FLS daily chart, below, the stock needs to reclaim its 200-day moving average (yellow line), and ultimately the $45.40 area above, too, to continue argue for any type of meaningful technical progress.

But if you traded prior energy rallies over the years then you know FLS was a star, such as during the 2007/2008 oil rally. Thus, it makes sense to look for FLS to get with the program here, on top of the other energy ideas I will run through Members in my usual Midday Video.