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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Ratings Upgrade: Fluor Stock Shows Rising Relative Strength

On Thursday, Fluor got an upgrade to its Relative Strength (RS) Rating, from 73 to 84.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against the rest of the market.

Decades of market research shows that the best-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

Fluor stock is not currently offering a proper buying opportunity. Watch and wait to see if the stock goes on to build a chart pattern that could launch a new move.

The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 64% to 140%. Revenue rose from -10% to -3%.

The company earns the No. 5 rank among its peers in the Building-Heavy Construction industry group. Sterling Construction and Aecom Technology are also among the group's highest-rated stocks.

Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

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