Foster Wheeler: Poised to Break New Highs

The stock that I am highlighting in this post is Foster Wheeler (FWLT). This stock has fully recovered from its August swoon, and is now right back near its former highs.

I think the stock could consolidate around these levels for a bit, and might test support at its 50-day again if the market weakens, but it should soon break back to new highs as the fundamentals for this engineering and construction company remain solid.

Disclosure: The author is long FWLT.

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