Fluor Corp

FLR remains in a Stage 2 advancing uptrend, trading above all major EMAs after a breakout above near-term resistance, with momentum neutral and valuation reasonable. A pullback into the rising 9- and 20-day EMA zone offers a favorable entry, while negative free cash flow and extreme overbought tag warrant caution.

• ↑Q2 revenue $4.3B (+9% YoY) and adjusted EBITDA $149M
• ↑Backlog $26.9B; new awards >$6B book-to-bill >1
• ↓Negative earnings yield and weak profitability metrics raise concerns