Forum Energy Technologies, Inc On Breakout Watch $FET

24 apr 2020

Sector has momentum and has potential for further movement higher Friday.
Stock is sitting below a pocket of limited resistance.
A break above the 50ma would be positive.

Forum Energy Technologies, Inc. is a global oilfield products company. It operates through following segments: Drilling & Downhole; Completions; Production; and Corporate. The Drilling & Downhole segment designs and manufactures products; and provides related services to the drilling, energy subsea construction and services markets, and other markets. The Completions segment provides products and services to the well construction, completion, stimulation, and intervention markets. The Production segment designs, manufactures and supplies products and provides related equipment and services for production and infrastructure markets. The Corporate segment covers selling, general, and administrative expenses. The company was founded in 2005 and is headquartered in Houston, TX.