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Prestige Brands Stock Notches A Healthy 84 RS Rating

On Tuesday, Prestige Brands stock hit an important technical milestone, with its Relative Strength Rating climbing to 84, up from 80 the day before. An over-80 RS Rating for Prestige Brands (PBH) makes it a stock to watch.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary RS Rating measures market leadership by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

Decades of market research reveals that the market’s biggest winners often have an RS Rating north of 80 as they begin their biggest runs. So an 84 RS Rating for Prestige Brands stock is noteworthy.


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Is Prestige Brands Stock A Buy?

Prestige Brands stock is now considered extended and out of buy range after clearing a 48.08 buy point in a second-stage cup without handle. See if Prestige Brands stock forms a new pattern or a follow-on buying opportunity like a three-weeks-tight or pullback to the 50-day or 10-week line.

Prestige Brands reported negative growth for both the top and bottom lines last quarter. The company is expected to report its next quarterly numbers on or around Aug. 6.

The maker of health care products holds the No. 8 rank among its peers in the Cosmetics/Personal Care industry group. Natural Alternatives (NAII) and Estee Lauder (EL) are also among the group’s highest-rated stocks.

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