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Fluor Corp Rises 1.79% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Fluor Corp (NYSE:FLR) traded in a range yesterday that spanned from a low of $20.22 to a high of $22.39. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $21.21 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Fluor Corp has traded in a range of $16.25 to $60.60 and is now at $21.42, 32% above that low. The 200-day and 50-day moving averages have moved 1.56% lower and 4.09% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Fluor Corp on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $24.94. Since that call, shares of Fluor Corp have fallen 15.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders fluor corp

Ticker(s): FLR