Fluor had its Relative Strength (RS) Rating upgraded from 68 to 75 Thursday — a welcome improvement, but still below the 80 or better score you look for.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to the rest of the market.
Decades of market research reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if Fluor can continue to show renewed price strength and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
While now is not an ideal time to buy shares, see if the stock manages to form a chart pattern and break out.
The company reported -50% earnings growth in its most recent report. Revenue rose 3%.
Fluor holds the No. 12 rank among its peers in the Building-Heavy Construction industry group. Argan, Great Lakes Dredge and Quanta Services are among the top 5 highly rated stocks within the group.
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