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Shares of Fluor Fall to a New 52-Week Low

By David Diaz

Shares of Fluor (NYSE:FLR) traded at a new 52-week low today of $41.88. Approximately 282,000 shares have changed hands today, as compared to an average 30-day volume of 1.8 million shares.

Fluor Corporation is a professional services company. The Company provides engineering, procurement, construction and maintenance as well as project management services on a global basis. Fluor also provides outsourcing of maintenance services and asset operations, equipment rental and sales, business support services, and other services.

In the past 52 weeks, Fluor share prices have been bracketed by a current low of $41.88 and a high of $75.52 and are now at $42.41. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.7%.

Potential upside of 60.9% exists for Fluor, based on a current level of $42.41 and analysts' average consensus price target of $68.22. The stock should run into initial resistance at its 50-day moving average (MA) of $50.68 and subsequent resistance at its 200-day MA of $56.84.

SmarTrend is tracking the current trend status for Fluor and will alert subscribers who have FLR in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows fluor

Ticker(s): FLR