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

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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Last updated: May 26, 2012: 01:07 PM

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