FLR closes lower for the 3rd day in a row


Fluor Corp. (FLR) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team

Highlights

FLR closes above its opening price after recovering from early selling pressure
FLR closes lower for the 3rd day in a row
FLR breaks below previous session low
FLR falls to lowest close since August 3rd
FLR ends the day indecisive

Overview

Moving lower for the 3rd day in a row, FLR ended the week 0.02% higher at 55.66 after losing $0.48 (-0.86%) today on low volume. Today's closing price of 55.66 marks the lowest close since August 3rd. Trading up to $0.34 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. Closing below Thursday's low at 56.07, Fluor Corp. confirms its breakout through the previous session's low having traded $0.82 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (FLR as at Aug 10, 2018):

Daily technical analysis candlestick chart for Fluor Corp. (FLR) as at Aug 10, 2018

Friday's trading range was $0.75 (1.35%), that's below last trading month's daily average range of $1.11. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way above average.

Prices are trading close to a key support level at 55.61.

While still in a long-term downtrend, the short and medium-term trends both turned bullish already.

Buying might speed up should prices move above the nearby swing high at 56.80 where further buy stops could get triggered.


Market Conditions for FLR as at Aug 10, 2018

Loading Market Conditions for FLR (Fluor Corp.)...
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FLR stuck within tight trading range

Oct 19, 2018
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