Stock Chart Analysis FLR

Posted by downtowntrader | 8/12/2007 08:45:00 PM | 2 comments »

Stock Chart Analysis FLR

Fluor Corporation (NEW) (Public, NYSE:FLR)

FLR is another stock with a recent increase in volatility. However, it has all been contained in a pretty clear base and if it can clear the top of this triangle then it could be off to the races. Ideally, it will print a few narrowing in range candles to trade off, but the ideal situation doesn't always happen. I would look at playing it with reduced lot sizes if it breaks out here, or playing it normally if it takes more time to develop.


Good Trading,


Joey

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2 comments

  1. Grow Your Funds // 5:01 PM  

    I'm looking at this more from a fundamentals standpoint, but FLR is a great company with a tremendous business model. It is the leader in its industry and looks to be a good long term buy in my opinion.

    Aaron
    http://www.growyourfunds.com

  2. downtowntrader // 10:50 PM  

    Thanks for the comment Aaron. While I am not a fundamental investor, I would say a lot of investors agree with you. Think about this, FLR is trading at all time highs here, while the overall markets have been getting creamed. This is the ultimate sign of a stocks strength.

    Good Luck,

    Joey