Think Again, Think Ahead: Viacom Inc. (VIAB), Fortune Brands Home & Security, Inc. (FBHS)

Over the past 52 weeks, the shares of Viacom Inc. (NASDAQ:VIAB) has been trading as low as $23.31 before witnessing a massive surge by 26.3% or $6.13. This price movement has led to the VIAB stock receiving more attention and has become one to watch out for. It jumped by 0.38% on Sunday and this got the market excited. The stock’s beta now stands at 1.52 and when compared to its 200-day moving average and its 50-day moving average, VIAB price stands -1.86% below and -1.25% below respectively. Its average daily volatility for this week is 3.17% which is less than the 3.92% recorded over the past month. The shares of Viacom Inc. dropped by -17.19% or -$6.11 from its last recorded high of $35.55 which it attained on December 01 to close at $29.44 per share.

Viacom Inc. (VIAB) rose 9.44% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 0.96% and is now up by 14.55% since start of this year. A look at its monthly performance shows that the stock has recorded a -0.27% fall over the past 30 days. Its equity price dipped by -7.86% over the past three months which led to its overall six-month decrease to stand at -1.93%.

Experts from research firms are bullish about the near-term performance of Viacom Inc. with most of them predicting a $34.81 price target on a short-term (12 months) basis. The average price target by the analysts will see a 18.24% rise in the stock and would lead to VIAB’s market cap to surge to $14.15B. The stock has been rated an average 2.7, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 28 analysts that track Viacom Inc. (NASDAQ:VIAB) and find out that 18 of them rated it as a Hold. 9 of the 10 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

A look at VIAB technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 58.47 point. Its trading volume has lost -1898216 shares compared to readings over the past three months as it recently exchanged 2641784 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 4540000 shares, and this is 0.58 times the normal volume.

The price of Fortune Brands Home & Security, Inc. (NYSE:FBHS) currently stands at $42.86 after it went up by $0.28 or 0.66% and has found a strong support at $42.23 a share. If the FBHS price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $41.59 mark would also be bad for the stock as it means that the stock would plunge by 2.96% from its current position. However, if the stock price is able to trade above the resistance point around $43.26, then it could likely surge higher to try and break the upward resistance which stands at $43.65 a share. Its average daily volatility over the past one month stands at 3.77%. The stock has plunged by 2.03% from its 52-weeks high of $41.99 which it reached on Jan. 24, 2018. In general, it is 17.71% above its 52-weeks lowest point which stands at $35.27 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for Fortune Brands Home & Security, Inc. (FBHS) for 1 year and it stands at an average $50/share. This means that it would likely increase by 16.66% from its current position. The current price of the stock has been moving between $41.99 and $43.02. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $40. On the other hand, one analyst is super bullish about the price, setting a target as high as $62.

Analysts view Fortune Brands Home & Security, Inc. (NYSE:FBHS) as a Hold, with 2.4 consensus rating. Reuters surveyed 19 analysts that follow FBHS and found that 9 of those analysts rated the stock as a Hold. The remaining 10 were divided, with 9 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Fortune Brands Home & Security, Inc. (FBHS) shares or sell it if they already own it.