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FBHS dominated by bulls lifting the market higher throughout the day


Technical Analysis Report for FBHS - May 17, 2018 [< 1 min read]
Highlights
FBHS dominated by bulls lifting the market higher throughout the day
FBHS closes higher for the 2nd day in a row
FBHS pushes through previous session high
FBHS rises to highest close since April 23rd
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, FBHS finished Thursday at 56.99 gaining $0.58 (1.03%). Today's closing price of 56.99 marks the highest close since April 23rd. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 56.66, the share confirms its breakout through the prior session's high having traded $0.60 above it intraday.

Daily chart for FBHS
Volatility

Thursday's trading range was $1.02 (1.81%), that's slightly below last trading month's daily average range of $1.26. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.

Trend

Although the market is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory.

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a neutral sentiment for the next trading day.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Closed above last periods high TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
Decisive Up Move TQ Pro Members Only
More market conditions identified for TQ Pro members...
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