Foster Wheeler AG (FWLT) was a big mover last session, as the company saw its shares rise by over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $26.60–$30.65 in the past one-month time frame, showed a pick-up on Wednesday at $30.49.
Foster Wheeler, which operates in engineering and construction, and power generating equipment business, has seen 5 positive revisions in the past one month. Also, the Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Foster Wheeler. So make sure to keep an eye on this stock going forward to see if Wednesday’s gain can turn into more strength down the road.
Foster Wheeler currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Investors interested in the broader construction industry may consider stocks such as VSE Corp. (VSEC), Winnebago Industries, Inc. (WGO) and CaesarStone Sdot-Yam Ltd. (CSTE). All these stocks carry a Zacks Rank #1 (Strong Buy).
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