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Prestige Brands Rises 1.95% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Prestige Brands (NYSE:PBH) traded in a range yesterday that spanned from a low of $34.87 to a high of $36.06. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $35.24 on volume of 150,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Prestige Brands share prices have been bracketed by a low of $26.25 and a high of $41.76 and are now at $35.88, 37% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for Prestige Brands and will alert subscribers who have PBH in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders prestige brands

Ticker(s): PBH