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Fortune Brands (FBHS) base breakout

Fortune Brands (FBHS) base breakout

by | Aug 3, 2021 | Chart SetUps

Fortune Brands (FBHS) triggering a bull technical alert this morning breaking above a key volume node out of its nice base above the rising 200-MA, a name without any notable option open interest outside of 600 August $97.50 calls bought 7/26. FBHS is a quality company, the $13.5B maker of home products trades 15.7X Earnings and 26.2X FCF with a 1.06% yield. FBHS will continue to benefit from the strong housing cycle and remodel/repair markets.