Fluor Corp

FLR is in a Stage 4 decline with clear lower highs and lower lows, reinforcing a medium-term bearish bias. Price trades below declining 9, 20, and 50 EMAs, which now act as resistance, and the short-term structure favors selling on EMA rejections. The long-term uptrend above the rising 200 DMA remains intact, limiting extreme downside risk.

• ↑Secured $2.7B in new awards in Q1, driving pipeline growth over 50% YoY.
• ↑Backlog stands at $25.7B with 82% reimbursable, boosting revenue visibility.
• ↓Q1 saw a $653M Santos project charge, denting operating income.