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Look for Shares of Fluor Corp to Potentially Rebound after Yesterday's 5.01% Sell Off

By Shiri Gupta

Fluor Corp (NYSE:FLR) traded in a range yesterday that spanned from a low of $16.67 to a high of $17.55. Yesterday, the shares fell 5.0%, which took the trading range below the 3-day low of $17.01 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Fluor Corphas traded in a range of $16.74 to $60.60 and are now at $16.86. In the last five trading sessions, the 50-day moving average (MA) has fallen 2% while the 200-day MA has slid 1.1%.

Keywords: rebounders fluor corp

Ticker(s): FLR