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Bearish Moving Average Cross by Prestige Brands Holdings (PBH)

By Amy Schwartz

Prestige Brands Holdings (NYSE:PBH) crossed under its 10-day moving average of $56.35 on a volume of 327K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Prestige Brands Holdings share prices have been bracketed by a low of $39.58 and a high of $59.63 and are now at $54.34, 37% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.4%.

SmarTrend recommended that subscribers consider buying shares of Prestige Brands Holdings on December 15th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.97. Since that recommendation, shares of Prestige Brands Holdings have risen 14.0%. We continue to monitor PBH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses prestige brands holdings

Ticker(s): PBH