The “Chart of the Day” is Prestige Brand Holdings (PBH), which showed up on Thursday’s Barchart “NYSE 12-month high” list. PBH rallied sharply on Thursday as it posted a 3-3/4 year high of $12.48 and finished the day up +9%. Before the open on Thursday, Prestige Brand Holdings reported Q4 EPS of 18 cents a share, right on expectations, but Q4 revenue was $96.4 million, stronger than consensus of $95.34 million with the company benefiting from acquisitions and improved revenue from brands including Chloraseptic sore throat medicine and Compound W wart remover. Taking out costs tied to the acquisitions as well as paying off debt, adjusted earnings from continuing operations rose to 79 cents per share from 67 cents per share, while annual revenue increased 16 percent to $333.7 million. Trendspotter ™ just turned to a buy on PBH with today’s market action. Prestige Brand Holdings, with a market cap of $587 million is is a marketer and distributor of brand name over- the-counter drug, personal care and household cleaning products sold throughout the United States and Canada. Key brands include Compound W wart remover, Chloraseptic sore-throat relief products, New-Skin liquid bandage, Clear eyes and Murine eye and ear care products, Cutex nail polish remover, Comet and Spic & Span household cleaner and several other well-recognized brands.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “New Highs/Lows” page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum. Then we applied a “Custom View” heading with the Barchart Opinion ranking as one of the columns. we then sorted the list by the Barchart Opinion ranking in order to find the stocks with the highest Opinion.
Barchart’s Opinion trading systems are mostly a Buy and Barchart’s daily Trendspotter(tm) trading system is a “Buy.” Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- Trendspotter: Buy
- Short-Term Indicators: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 100% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
