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To: ItsAllCyclical who wrote (3499)6/16/2014 3:01:44 PM
From: The Ox  Respond to of 8288
 
With the exception of FWLT, the group is down steadily or flat in nearly every 3 month chart.

A few looked washed out and are in more of a rebound mode but even within the few that fit that characterization, most were selling off in the last few days.



To: ItsAllCyclical who wrote (3499)6/16/2014 3:04:24 PM
From: The Ox1 Recommendation

Recommended By
ItsAllCyclical

  Read Replies (2) | Respond to of 8288
 
Not all are directly in CBI's sector but here's the list of engineering based companies I group together (note that some do a lot more than just engineering...)

MDR, FWLT, KBR, MYRG, JEC, AGX, ABB, MG, EME, GVA, PWR, FLR, DY, URS, TTEK, CBI, ACM and MTZ.

I'm sure there are others out there but these are the ones I track....



To: ItsAllCyclical who wrote (3499)6/17/2014 11:56:08 AM
From: The Ox  Read Replies (1) | Respond to of 8288
 
From the looks of trading the last couple of days in CBI, I would say my initial thought that the short term movements are about keeping it under $75 for options expiration appear to be gaining strength. Yesterday and today, as soon as it got near $74.50, it immediately got hammered and sold off swiftly.....fwiw.

Makes me wonder if the target isn't a few dollars lower?