Tutor Perini shows relatively strong fundamentals and is coming back to attractive prices.

From a fundamental viewpoint, a 45% appreciation potential is possible as the average analysts target price shows.

The security follows a downward trend in the short term, under the USD 23.37 resistance area. In the mid-term, the stock is trading within a range between USD 20.28 and USD 23.37. Tutor Perini is not likely to continue its downtrend because it recently rebounded on the strong USD 20.28 resistance and it is oversold. Thus, a rebound could happen is coming sessions toward the USD 23.37 resistance

Therefore, the proximity of the USD 20.28 support is an opportunity to take a long position in Tutor Perini. The first goal is a return in the USD 23.37 resistance area. A stop loss order can be placed under the medium term support at USD 21.03 currently tested.