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Fluor Bearish Moving Average Crossover Alert (FLR)

By Shiri Gupta

Fluor (NYSE:FLR) shares have crossed bearishly below their 10-day moving average of $54.23 on a volume of 176K 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, shares of Fluor have traded between a low of $39.48 and a high of $60.62 and are now at $53.89, which is 36% above that low price. The 200-day and 50-day moving averages have moved 0.11% higher and 1.00% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Fluor on January 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.22. Since that recommendation, shares of Fluor have risen 24.3%. 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