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Fluor Crosses Below its 10-day MA (FLR)

By James Quinn

Fluor (NYSE:FLR) shares have crossed bearishly below their 10-day moving average of $52.90 on a volume of 123K shares. This may provide swing traders with 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 $52.48, 33% 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 is monitoring the recent change of momentum in Fluor. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Fluor in search of a potential trend change.

Keywords: moving crosses fluor

Ticker(s): FLR