The Industrial & Infrastructure segment offers design, engineering, procurement, and construction services to the transportation, wind power, mining and metals, life sciences, manufacturing, commercial and institutional, telecommunications, microelectronics, and healthcare sectors.
The Government segment provides engineering, construction, logistics support, contingency response and management, and operations services to the United States government focusing on the Department of Energy, the Department of Homeland Security, and the Department of Defense.
The Global Services segment offers operations and maintenance, small capital project engineering and execution, site equipment and tool services, industrial fleet services, plant turnaround services, temporary staffing services, and supply chain solutions.
The Power segment provides engineering, procurement, construction, program management, start-up and commissioning, operations and maintenance, and technical services for the gas fueled, solid fuels, environmental compliance, renewables, nuclear, and power services markets.
To review Fluor's stock, please take a look at the 1-year chart of FLR (Fluor Corporation) below with my added notations:
For the last (3) months FLR has been consolidating within a common
price pattern known as a rectangle. Rectangle patterns form when a stock
gets stuck bouncing between a horizontal support and resistance. A
minimum of (2) successful tests of the support and (2) successful tests
of the resistance will give you the pattern. For FLR, the rectangle
pattern has formed a $67 resistance level (green) and a $60 support
level (blue) that had also previously been strong resistance.The Tale of the Tape: FLR has formed a rectangle pattern. The possible long positions on the stock would be either on a pullback to $60 or on a breakout above $67. The short opportunity on FLR would be on a break below $60.
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