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SmarTrend Watching for Potential Rebound in Shares of Fortune Brands H After 1.22% Loss

By Shiri Gupta

Fortune Brands H (NYSE:FBHS) traded in a range yesterday that spanned from a low of $57.19 to a high of $58.18. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $57.58 on volume of 541,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 $57.33, 7% above that low price. Over the last five market days, 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: rebounders fortune brands h

Ticker(s): FBHS