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Bullish Moving Average Cross by Fluor (FLR)

By Shiri Gupta

Today, shares of Fluor (NYSE:FLR) have advanced above their 10-day MA of $55.15 on a volume of 204K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Fluor share prices have been bracketed by a low of $39.48 and a high of $60.62 and are now at $55.30, 40% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 1.33% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Fluor on November 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.58. Since that recommendation, shares of Fluor have risen 4.0%. We continue to monitor FLR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses fluor

Ticker(s): FLR