FBI Shares Trending Up

March 16, 2010  by in UnCategorized   

By Home Furnishings Business in Financial Reports on March 17, 2010

SmarTrend, a subscription service that analyzes more than 5,000 securities, has highlighted an upward trend for shares of Furniture Brands International (NYSE:FBN), St. Louis.

In  three months since Dec. 23, FBI's share price has risen 40.1 percent to $6.99; and is currently above its 50-day moving average of $5.30 and above its 200-day moving average of $4.68.

SmarTrend anticipates those moving averages will climb and confirm FBI's upward momentum.