Fortune Brands (FO) NewsBite - FO Covered In Lee Allen Report Today

Posted: Friday, October 10, 2008 10:21 AM EDT

Fortune Brands (FO) was covered in a Lee Allen Report today and the stock is now at $42.35, down $1.98 (-4.47%) on volume of 253,509 shares traded. To see the report go to http://www.iotogo.com/la100908 . Over the last 52 weeks the stock has ranged from a low of $44.16 to a high of $84.73. Fortune Brands stock has been showing support around $40.91 and resistance in the $50.83 range. Technical indicators for the stock are neutral and S&P gives FO a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on FO the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (FO)