Furniture Brands (NYSE:FBN) is one of today's worst performing low-priced stocks, down 6.1% to $4.80 on 0.4x average daily volume. Approximately 222,000 shares have traded hands today vs. 30-day average volume of 533,000 shares.
High volume often signals a change in trends. Shares of Furniture Brands are currently trading below their 50-day moving average (MA) of $6.68 and below their 200-day MA of $5.82.
SmarTrend scans for speculative low-price stocks under $5 for reversals in trends. A large price movement may signal continuation or reversal of a trend.
Furniture Brands is in SmarTrend's Home Furnishings & Fixtures industry and this industry is currently in a Downtrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Downtrend and price prediction.
SmarTrend is bearish on shares of Furniture Brands and our subscribers were alerted to sell on May 24, 2010 at $6.65. The stock has fallen 27.8% since the alert was issued.