Foster Wheeler AG (FWLT) was a big mover last session with shares rising over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the uptrend for the company since Nov 6, as the stock is now up nearly 18%.
This engineering and construction company has seen five positive estimate revisions and one negative revision in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period, implying more solid trading ahead for Foster Wheeler. So make sure to keep an eye on this stock going forward to see if yesterday’s price action can turn into more strength down the road.
Foster Wheeler currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
However, better-ranked stocks in the industrial products sector include AO Smith Corp. (AOS), CIRCOR International, Inc. (CIR) and Fuel-Tech, Inc. (FTEK). All these stocks sport a Zacks Rank #1 (Strong Buy).
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FOSTER WHEELER AG SWITZERLAND (FWLT): Free Stock Analysis Report
A O SMITH CORPORATION (AOS): Free Stock Analysis Report
CIRCOR INTL INC (CIR): Free Stock Analysis Report
FUEL TECH INC (FTEK): Free Stock Analysis Report
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