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[StocksonWallStreet]

I like Fluor (FLR) due to its strong balance sheet, large growth prospects overseas, and extensive contract backlog.

Fluor (FLR) the World’s Largest Engineering Company a BUY | Stocks on Wall Street

[Freischaltung]

Has a strong RoE (26.71%) too. But I beg to differ. I'm passing. I'm convinced there are much better picks than this stock out there.

Has a scary Qtrly Earnings Growth (-18.60%). Big turn-off. Its price is also too dependent on the oil industry, something that makes me very nervous about a stock, since it implies a higher volatility.

[deckx]

Going cheap at the moment...
Fluor is one of the world leaders in their field, so long term this is a no brainer...

I would jump in on margin here but really screwed up last few weeks with some of the financials so have to sit on the sidelines for a while...

[deckx]

Just having a look @ KBR as well..... this is another good entry point for long term... I'm getting really tempted to load up here.....

[Greg Magadini]

First off I'd like to say I am huge Stocksonwallstreet.net fan!
And I'm sure the recommendation here deserves its merits.

But from a technical stand point I must point a few things out.
FLR is currently on a downtrend and I see nothing bullish here on the charts yet.
FLR is trading below its 200, 50, and 20 SMA's.
It is also fighting a loosing battle against its resistance price trend line.
Every time it defeats the super short term resistance trendline, it can't get above the bigger resistance trendline.
Again I don't doubt this is a good stock and a good company.
But I "personally" wouldnt buy it unless I saw a close above $48.00 preferably on high volume.
Until then its on my watchlist.

-Greg M.

[StocksonWallStreet]

I am looking at FLR as a long-term stock, over a year. I tend to avoid technicals when looking at long-term options.

[Greg Magadini]

Yeah I feel you James.
At the same time I hope that your averaging in, or selling covered calls. Why not get in cheaper and be able to buy more shares?
For example I'm a huge Goldman Sachs fan myself. I like the stock a lot. But technically it isn't good whatsoever right now so I'm just going to wait.
I'm going to keep tabs on FLR and post when I see something I like.
I like your picks a lot James and I believe in them.
I'm just trying to help.

Technically: Bearish
1. Overall Downward Trendline still holding
2.Price Line support of ~$42 has just been broken today on high volume validation
3. 50-day SMA close to crossing 200-day SMA downward.

Again.... I don't doubt this stock will be bullish once again.
It's not a matter of (IF) but a matter of (WHEN)

[teenwolf41]

I like FLR, FWLT and KBR currently.

The increase in soldiers into Afghanistan should open new business opportunities. I'm not smart enough to know much about technical analysis as I'm always thinking long term. Global markets have stimulus packages that actually stimulate and thats bullish for these companies. FWLT blew out the numbers last quarter too. KBR got a new contract today as well. I'm long KBR and its currently in a down trend as the OP mentioned but KBR has one sexy balance sheet and several months down the line I think it will out perform.

[StocksonWallStreet]

Thanks for the help.

Originally Posted by Greg Magadini Yeah I feel you James. At the same time I hope that your averaging in, or selling covered calls. Why not get in cheaper and be able to buy more shares? For example I'm a huge Goldman Sachs fan myself. I like the stock a lot. But technically it isn't good whatsoever right now so I'm just going to wait. I'm going to keep tabs on FLR and post when I see something I like. I like your picks a lot James and I believe in them. I'm just trying to help. Technically: Bearish 1. Overall Downward Trendline still holding 2.Price Line support of ~$42 has just been broken today on high volume validation 3. 50-day SMA close to crossing 200-day SMA downward. Again.... I don't doubt this stock will be bullish once again. It's not a matter of (IF) but a matter of (WHEN)

[Greg Magadini]

We have some bullish looking chart behavior on FLR.
FLR broke about that resistance trendline with ease today and is now trading its 20 day SMA.
We could be seeing the start of an uptrend.
Hopefully we will see some above average volume by the end of the day.
FLR may try to test 41.50 in the next couple of days. That is a great place to buy.
I see no fundamental news for this movement, yet im sure there is some soon to come.