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Fluor Bearish Moving Average Crossover Alert (FLR)

By Shiri Gupta

Fluor (NYSE:FLR) crossed under its 10-day moving average of $45.67 on a volume of 331K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 $45.40, 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Fluor on March 24th, 2017 by issuing a Downtrend alert when the shares were trading at $52.18. Since that call, shares of Fluor have fallen 11.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses fluor

Ticker(s): FLR