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Watch for Fortune Brands H to Potentially Rebound After Falling 1.65% Yesterday

By Amy Schwartz

Fortune Brands H (NYSE:FBHS) traded in a range yesterday that spanned from a low of $47.16 to a high of $48.96. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $47.98 on volume of 576,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of Fortune Brands H have traded between the current low of $47.30 and a high of $73.62 and are now at $47.38. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.1%.

Keywords: rebounders fortune brands h

Ticker(s): FBHS