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Shares of Fortune Brands H Has Risen Above Previous 52-Week High

By Shiri Gupta

Shares of Fortune Brands H (NYSE:FBHS) traded at a new 52-week high today of $58.57. This new high was reached on below average trading volume as 80,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.

Fortune Brands Home & Security, Inc. provides home and security products. The Company's business lines include kitchen and bath cabinetry, plumbing, accessories, advanced material windows, door systems, and security and storage.

In the past 52 weeks, shares of Fortune Brands H have traded between a low of $35.27 and a high of $58.57 and are now at $58.44, which is 66% above that low price. The 200-day and 50-day moving averages have moved 0.76% higher and 0.84% higher over the past week, respectively.

Potential upside of 13.8% exists for Fortune Brands H, based on a current level of $58.44 and analysts' average consensus price target of $66.50. The stock should find initial support at its 50-day moving average (MA) of $53.04 and further support at its 200-day MA of $50.55.

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: 52 week high/lows fortune brands h

Ticker(s): FBHS