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JimVanMeerten (56.18)

Barchart chart of the day -- Fluor -- FLR



January 12, 2011 – Comments (0) | RELATED TICKERS: FLR

Provided by Barchart.
 Chart of the Day - Fluor Corp (FLR)Barchart Research Team - - Tue Jan 11, 6:25PM CSTRelated Stocks FLR - Fluor Corporation


The "Chart of the Day" is Fluor Corp (FLR), which showed up on Tuesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system and also showed up on Barchart's "Gap Up" list. Fluor on Tuesday rallied by 3.53% and posted a new 2-1/3 year high. On Tuesday, JP Morgan upgraded Fluor to Overweight from Neutral and raised its target to $77 from $58.50 on a more constructive outlook for the infrastructure markets. FBR Capital on Tuesday removed Fluor from its Top Picks list due to valuation but reiterated its outperform and raised its target to $84 from $54. On Monday, Stifel Nicolaus raised reiterated its Buy rating and raised its target to $77 from $64 on earnings and the company's higher backlog. Fluor Corp, with a market cap of $11.7 billion, delivers engineering, procurement, construction, maintenance (EPCM), and project management to governments and clients around the world in industries including Oil and Gas, Industrial and Infrastructure, Government, Global Services and Power. 

How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at TrendSpotter help page. 
Barchart's Opinion trading systems are mostly a Buy and Barchart's daily TrendSpotter trading system is a "Buy." Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the web site when you read this report.

1 - TrendSpotter: BuyShort-Term Indicators: 80%

2 -  BuyMedium-Term Indicators: 100%

3 -  BuyLong-Term Indicators: 100%

4 - BuyOverall Average 96% Buy

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

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