Shares of Fortune Brands (NYSE: FO) Hanging By A Thread Says Market Timer Frank Kollar.

June 27, 2006 (FinancialWire) (By Frank Kollar)

Shares of Fortune Brands (NYSE: FO) have been declining since July 2005. Share prices have lost almost 28%. Although first quarter profits saw a sharp rise back in late April, and revenue powered ahead from 1.5 billion to 2 billion, share prices almost immediately began their latest freefall.

Fortune Brands (formerly named American Brands, Inc) is a holding company with subsidiaries engaged in the manufacture, production and sale of Home and Hardware products, Spirits and Wine, Golf products and Office products.

Last week, share prices of Fortune Brands hit the 50% retracement level, at $68.36, for its entire 2003 to 2005 rally that saw share prices jump 125%. If Fortune Brands makes a decisive close below this $68.36 support level, share prices could quickly drop to $62.18. If they move higher from current levels, a good case could be made for a long position with a sell stop just below support.

Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.

Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.

Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.

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