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Do Traders Think Fortune Brands Home & Security Inc (FBHS) Can Keep Climbing Wednesday?

Wednesday, October 27, 2021 10:22 AM | InvestorsObserver Analysts
Do Traders Think Fortune Brands Home & Security Inc (FBHS) Can Keep Climbing Wednesday?

The market has been high on Fortune Brands Home & Security Inc (FBHS) stock recently. FBHS gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Fortune Brands Home & Security Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FBHS!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With FBHS Stock Today?

Fortune Brands Home & Security Inc (FBHS) stock is trading at $102.13 as of 10:15 AM on Wednesday, Oct 27, a gain of $4.62, or 4.74% from the previous closing price of $97.51. The stock has traded between $99.61 and $104.51 so far today. Volume today is below average. So far 331,561 shares have traded compared to average volume of 992,062 shares.

More About Fortune Brands Home & Security Inc

Fortune Brands Home & Security is a leading home and security products company that operates three segments. The company's $2.5 billion (fiscal 2020) cabinets segment sells cabinets and vanities under the MasterBrand family of brands. The $2.2 billion plumbing segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures. The $1.4 billion outdoors and security segment sells entry doors under the Therma-Tru brand name, Fiberon-branded patio decking, and locks and other security devices under the Master Lock and SentrySafe brand names. Click Here to get the full Stock Report for Fortune Brands Home & Security Inc stock.

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