The daily chart above shows a strong uptrend since May 2023. However, the stock dipped since the price hit the 52-week high of $40.77. Currently, there are two bullish divergences on the daily chart.
The first bullish divergence is the period between November 2023 into the beginning of January 2024. During this period, the RSI's lows remained even while the stock...
US and the West need to build and build quick to stay ahead of China. Why shouldn't the US spend and build the coolest infrastructure in the world if the world needs your business and will lend you money all day? Fluor is the cheapest infrastructure stock out there they have decades of experience managing massive engineering projects all over the world. I'm...
FLR has been basing now for 11 weeks and has been trying to get over that top area of resistance. One negative thing and probably the thing holding it back is the EPS have declined in the last 2 quarters. But sales have risen. I don’t expect this to be a barn burner, but a 10% move is a fair probability.
I had an alert set that triggered today (again) but I’m...
NYSE:FLR is showing major relative strength to the overall market and just broke out of the flag pattern. Anticipated price action and targets are shown on the chart, stop loss daily close below 28$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Fluor Corp. operates as a holding company. The firm engages in the provision of engineering, procurement, construction, fabrication and modularization, operations, maintenance and asset integrity, as well as project management services, on a global basis. It operates through the following segments: Energy & Chemicals, Mining & Industrial, Infrastructure & Power,...
From a long term perspective:
Scenario 1
the first impulse movement may be completed with the top around 25 which matches well with fibo levels
the second wave shall be in progress and may correct up to 38,2% - 23,6%, means around 11-12 USD
therefore a good entry point would be around 13USD
Scenario 2
the first impulse is not completed, we are in the wave IV so...
FLR MACD just crossed the signal line and could be setting up to be exiting a nice triangle. Watch for it to shoot out of the triangle, come back to test support, and then it should go up to the next resistance level at $33 or get stopped by the fib at $27. 15-43% gain in the short term, more as long as it stays above the trend line!
$FLR just broke past previous highs and next targets present 43-78% gains (or more with options) from gaps back in 2019. I just bought three Jul $22.5 calls and three 19Mar puts just in case it dips next week due to high RSI.
Ascending Triangle, awaiting confirmation (125%)
Pros:
Descending volume during formation
Volume at break out (some)
Golden cross in blue
PPS above 50MA and 200MA
RS above 0 and ascending
R/R ratio above 18, high
ATR ascending
250RSI above 50
200MA ascending
Target:
PT = 47.57$
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So here we have the daily price over about 5 years... we see FLR right above the POC(blue price).. given that all differ t kinds of energy seem to be at play here nuclear should be beneficiaries and not much resistance on the way up.
Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity and project management services worldwide. It operates through six segments: Energy and Chemicals; Mining and Industrial; Infrastructure and Energy; Government; Diversified Services; and Other.
The...
ES:
Fluor Corporation, a través de sus subsidiarias, brinda servicios de ingeniería, adquisiciones, construcción, fabricación y modularización, operación, mantenimiento e integridad de activos y gestión de proyectos en todo el mundo. Opera a través de seis segmentos: Energía y Químicos; Minería e Industrial; Infraestructura y Energía; Gobierno; Servicios...
After a Negative under reaction following earnings release of $FLR, The PEAD projected a bearish outlook placing the stock in Drift D
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