On Wednesday, Fluor got a positive adjustment to its Relative Strength (RS) Rating, from 73 to 81.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
Decades of market research reveals that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves.
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Fluor is working on a consolidation with a 60.10 entry. See if it can break out in heavy trading.
The company reported -50% earnings growth in the latest quarterly report, while sales growth came in at 3%. The company is expected to report its latest numbers on or around Feb. 18.
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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