Fluor (FLR) Guides Down for the Year, Investors Disappointed
By Trader Mark
10 November 2009 @ 02:45 pm EDT
Engineering / infrastructure firm Fluor (FLR) is one of those few stocks that one could purchase before heading to a remote island for a decade, arrive back in 2019.... and the company would be executing and thriving. However, it's business - dependent on large projects - is quite lumpy from quarter to quarter, and it has been struggling of late. You can see while the market has had an upward bias, the stock has been in a downturn for a good 2 months, signaling "those in the know" *knew* what was coming, and were exiting stage right. Which is exactly why I think a hybrid approach of technical and fundamental analysis is a bedrock for stock evaluation - in this case the technicals were telling you something was amiss.
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