Jacobs Engineering Group Inc. (JEC): ABOVE $64.70, with a $70 first target, a $79 second target, and a $59 stop loss. Confirmation Volume Area= 900K, Risk Rating= 4, Industry= Engineering & Construction
JEC TRADING TIP: Watch this VOLATILE formation as it sets up for another stage higher, while the market posts gains. Any further accumulation may break this stock higher, helping it take a run into ‘uncharted territory’. When reviewing new trading ideas for purchase, pay the price that coincides with your desired exit strategy; being patient by waiting for desired prices may drastically reduce trade risk. NOTE: consider bidding for wanted Gorilla Picks; the markets generally charge for impatience.
Jacobs Engineering Group Inc. (JEC) rose $1.45, to $64.46 on a more than 50% increase in its recent average daily volume today! JEC provides technical, professional, and construction services. JEC offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services. It also provides process, scientific, and systems consulting services, including performing pricing studies, market analyses, and financial projections in determining the feasibility of a project; performing gasoline reformulation modeling; analyzing and evaluating layout and mechanical designs for complex processing plants; analyzing automation and control systems; analyzing, designing, and executing bio containment strategies; developing and performing process protocols; and performing geological and metallurgical studies. In addition, JEC offers traditional field construction, modular construction consulting, and environmental remedial construction services. Further, it provides operations and maintenance services that include managing subcontractors and other on-site personnel; and offering process plant maintenance, management and technical support, and program management services, as well as offers systems information technology, and data security solutions. JEC serves various industries and markets, such as oil and gas exploration, production, and refining; chemicals and polymers; aerospace, defense, and environmental programs; buildings; infrastructure and telecommunications; mining and minerals; pharmaceuticals and biotechnology; power; pulp and paper; technology and manufacturing; and food and consumer products, and others. JEC provides its services through approximately 200 offices located in North America, South America, Europe, the Middle East, India, Australia, Africa, and Asia.