FLUOR CORP
(FLR-NYSE):
Technical Viewpoint: From a low
of $33.67 on Apr 1, 2009 prices
rallied, reaching a
high of $42.29
on Apr 17, 2009. A
decline saw prices pull back, reaching a
low of
$36.62 on May 1, 2009.
Another rally saw prices penetrate
resistance, closing 5/8/09
at $45.17. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 8, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $42.00. Resistance: Is at $45.98.
Point & Figure: Reversed to the upside on May 4, 2009. A P&F upside
reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! FLUOR CORP
(FLR-NYSE) @ $45.63 Stop: Use a protective stop of $43.63.
FLUOR CORP is currently trading @ $45.17 plus $3.46 on May 8, 2009. Price Objective:
$55.00. Risk/Reward: $2.00 VS. $9.37. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$55.00
Risk/Reward:
$2.00 VS. $9.37
Risk/Reward Ratio:
5:1
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