KBR, Inc. ( $KBR ) stock is trading under 50 dollars as of July 1st , 2019 and offering a possible buying price between $25.07 – $26.32. Let’s look at the stocks technical actions using a weekly chart.
2. The stock surged from a deep correction early this year.
3. It consolidate the gains for few weeks.
4. The stock resumed the trend and surged, again.
5. The stock went into another few weeks of consolidation.
6. The stock found support at the 50 day moving average line throughout the run up consolidation.
7. The stock is offering buying price between $25.07 – $26.32, with a stop loss at $23.06.
