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Fortune Brands H Set to Possibly Rebound After Yesterday's Selloff of 1.23%

By Shiri Gupta

Fortune Brands H (NYSE:FBHS) traded in a range yesterday that spanned from a low of $43.40 to a high of $44.29. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $43.92 on volume of 481,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Fortune Brands H on August 13th, 2018 by issuing a Downtrend alert when the shares were trading at $53.97. Since that call, shares of Fortune Brands H have fallen 18.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Fortune Brands H have traded between a low of $40.89 and a high of $73.62 and are now at $43.44, which is 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 1.5%.

Keywords: rebounders fortune brands h

Ticker(s): FBHS