Traders are carefully watching for golds next move

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KBR, Inc. ( KBR ) saw a big move last session, as the company’s shares fell nearly 14% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for KBR as the stock is now down over 8% since Feb 3. This supplier of onshore and offshore oil and natural gas production facilities has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump. KBR currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative. Some better-ranked stocks in the engineering/ R&D services industry include AECOM Technology Corporation ( ACM ) and Quanta Services, Inc. ( PWR ). Both carry a Zacks Rank #2 (Buy). Investors interested in the Industrial Products sector may consider better-ranked stock like Ball Corporation ( BLL ) which holds a Zacks Rank #1 (Strong Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> KBR INC (KBR): Free Stock Analysis Report AECOM TECH CORP (ACM): Free Stock Analysis Report BALL CORP (BLL): Free Stock Analysis Report QUANTA SERVICES INC (PWR): Free Stock Analysis Report Zacks Investment Research View comments
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