StockCall Study on Leggett & Platt, Fortune Brands Home & Security, Select
Comfort, and Tempur Pedic
LONDON, April 10, 2013
LONDON, April 10, 2013 /PRNewswire/ --
The housing market has improved significantly since last year. The recovery
has benefited home furnishings & fixtures companies such as Leggett & Platt
Inc. (NYSE: LEG), Fortune Brands Home & Security Inc. (NYSE: FBHS), Select
Comfort Corp. (NASDAQ: SCSS), and Tempur-Pedic International Inc. (NYSE: TPX).
The housing market has been improving as mortgage rates have fallen to record
low levels thanks mainly to Federal Reserve's ultra-loose monetary policy.
With the Fed committed to aggressive monetary measures, the housing market is
expected to continue to improve. This should benefit home furnishings &
fixtures companies. On Tuesday, though, shares of all four companies ended
lower, even as the broad market edged higher on the back of some solid
economic data from China. StockCall free coverage on LEG, FBHS, SCSS, and TPX
is available upon registration at
Leggett & Platt Inc.'s shares fell in Tuesday's trading session. The stock
ended the day 0.96% lower at $32.89 after trading between $32.65 and $33.30.
Despite the pullback yesterday, Leggett & Platt's shares are trading close to
their 52-week high of $33.87. The company's shares have had an excellent run
thus far in 2013, gaining nearly 22%. The stock is currently trading well
above its 50-day and 200-day moving averages, which is a bullish signal.
Download the free technical research on LEG by signing up at
Fortune Brands Home & Security Inc.'s shares edged lower yesterday; however,
the losses were limited. The stock closed 0.17% lower at $35.09 on volume of
965,100. Despite the pullback on Tuesday, shares of FBHS have gained nearly
4% in the last three trading sessions. The stock rebounded after seeing a
series of lows last week. The company's shares have once again moved above
their 50-day moving average. Year-to-date, the stock has gained more than 20%,
compared to a gain of nearly 10% for the S&P 500. Register now and get access
to the free analysis on FBHS at
Shares of Select Comfort Corp. tumbled in trading on Tuesday. The stock ended
the day 4.16% lower at $17.95 on volume of 1.06 million. The company's shares
have struggled so far in 2013 so far. Year-to-date, the stock is down more
than 31%. The stock is currently trading nearly 50% below its 52-week high.
Select Comfort's shares are also trading well below their 50-day and 200-day
moving averages, which is a bearish signal. The negative trend is further
confirmed by the stock's MACD chart. Sign up and read the complimentary report
on SCSS at
Tempur-Pedic International Inc.'s shares edged lower on Tuesday, reversing
some of its gains from the previous two sessions. The stock closed 0.97% lower
at $47.07 after touching an intra-day low of $46.62. Despite the pullback,
Tempur-Pedic's shares are still up more than 3% in the last three sessions.
The stock currently faces stiff resistance at around $50. Year-to-date, shares
of TPX have gained nearly 50%, outperforming the broad market. However, the
stock is still trading significantly below its 52-week high of $87.43. The
free report on TPX can be downloaded by signing up now at
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