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Watch for Continued Losses in Shares of Fluor Corp (FLR)

By Amy Schwartz

Shares of Fluor Corp (NYSE:FLR) traded at a new 52-week low today of $18.00. Approximately 326,000 shares have changed hands today, as compared to an average 30-day volume of 2.2 million shares.

Fluor Corp has overhead space with shares priced $18.00, or 67.9% below the average consensus analyst price target of $56.08. The stock should find initial resistance at its 50-day moving average (MA) of $29.79 and further resistance at its 200-day MA of $35.17.

In the past 52 weeks, shares of Fluor Corp have traded between the current low of $18.00 and a high of $60.60 and are now at $18.00. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1.9%.

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide.

SmarTrend is monitoring the recent change of momentum in Fluor Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Fluor Corp in search of a potential trend change.

Keywords: 52 week high/lows fluor corp

Ticker(s): FLR