KBR, Inc. operates as an engineering, construction, and services
company worldwide. The company operates through three segments:
Technology & Consulting, Engineering & Construction, and
Government Services. The Technology & Consulting segment offers
various services and solutions, including licensing, engineering and
design, proprietary equipment, plant automation, catalysts, and related
consulting services to hydrocarbons, chemicals, and fertilizer markets.
The Engineering & Construction segment provides engineering and EPC
services for the development, construction, and commissioning of
projects in the offshore, onshore and liquefied natural gas, and
gas-to-liquids markets; and liquefaction, regasification, floating LNG,
and floating storage and regasification units. The Government Services
segment offers construction, refurbishment, operations and maintenance
of housing, and other facilities for military personnel, as well as
operations support, embassy and other life support programs, heavy
equipment transportation, and police facilities management integration
services.
Take a look at the 1-year chart of KBR (NYSE: KBR) with the added notations:
KBR has been in a solid downtrend over the last year, which may or
may not be over, while finding support at $15 (green) over the last 3
months. Now that the stock is there again, traders should be able to
expect some sort of bounce. However, if the $15 support were to break,
much lower prices should follow.
The Tale of the Tape: KBR has a key level of support
at $15. A trader could enter a long position at $15 with a stop placed
under the level. If the stock were to break below the support a short
position could be entered instead.
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