Forum Energy Technologies Inc

FET is in a Stage 3 corrective phase within its long-term uptrend, pulling back into the confluence of the rising 9-EMA, 20-EMA, and 50-DMA. No active bearish patterns are present, and oversold conditions on RSI and options support a tactical mean-reversion entry. A Buy Now posture on this pullback into the EMA/50-DMA support zone aligns with a resumption of the broader uptrend.

• ↑Q1 revenue $209 M (+8% YoY) driven by offshore & international sales
• ↑Backlog grew 44% YoY to an 11-year high, boosting revenue visibility
• ↓Negative profitability score signals tight margins and weak cash conversion