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Bullish Moving Average Cross by Fluor Corp (FLR)

By Amy Schwartz

Fluor Corp (NYSE:FLR) crossed over its 10-day moving average of $17.76 on a volume of 488K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Fluor Corp share prices have moved between a 52-week high of $60.60 and a 52-week low of $16.52 and are now trading 8% above that low price at $17.88 per share. The 200-day and 50-day moving averages have moved 1.17% lower and 2.53% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Fluor Corp on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $24.94. Since that call, shares of Fluor Corp have fallen 30.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses fluor corp

Ticker(s): FLR