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Foster Wheeler Announces a Load of New Contracts

|Includes: Amec Foster Wheeler plc (AMFW)

Over the last week, Foster Wheeler (FWLR) has been busy announcing deals from Saudia Arabia to Vietnam to Columbia. Its a good sign that the order rate may finally be improving with the global economy on strong legs. If the 200EMA can hold around $29.25 we'd be buyers there. If not, it might be a definite buy when the gap is filled around $24.

Disclosure: Long FWLT