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Bearish Moving Average Cross by Fortune Brands H (FBHS)

By Nick Russo

Today, shares of Fortune Brands H (NYSE:FBHS) have crossed bearishly below their 10-day moving average of $57.53 on a volume of 170K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Fortune Brands H share prices have been bracketed by a low of $53.56 and a high of $73.62 and are now at $57.41, 7% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Fortune Brands H and will alert subscribers who have FBHS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses fortune brands h

Ticker(s): FBHS