FLR is one of the possible breakout stocks that has tested and held the 20-day moving average in last few trading days and there is a strong support at 64-66 area.
It is one of the Breakout stocks on our website. The site is listed below.
There are multiple levels of support under the FLR at this time so the downside is limited, if any.
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So 12000 was not held the last 2 days and your talking patients. I'm not buying here I'm just holding for a nice return in 12-18 months. Last time I bought was in the 40's. Don't gey me wrong I have some in the seventies too from 4 yrs ago, but I'm green now and getting greener.
With the correction looming on the horizon, I think I'll wait a bit before buying back FLR.
If the Dow can't hold above 12,000 and the S&P is unable to hold 1,300, the correction can't be that far down the road. Be patient.