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Look for Shares of Fluor Corp to Potentially Rebound after Yesterday's 15.78% Sell Off

By Shiri Gupta

Fluor Corp (NYSE:FLR) traded in a range yesterday that spanned from a low of $46.73 to a high of $50.00. Yesterday, the shares fell 15.8%, which took the trading range below the 3-day low of $56.08 on volume of 3.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Fluor Corp have traded between a low of $42.27 and a high of $62.09 and are now at $47.38, which is 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.2%.

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

Keywords: rebounders fluor corp

Ticker(s): FLR