Long Position on PBH @ $26.10 on 4/19/2013 (Momentum)

Cup & Handle on PBHPrestige Brands Holdings (PBH) engages in the marketing, sale, and distribution of over-the-counter healthcare and household cleaning products.

It operates through two segments, Over-The-Counter Healthcare and Household Cleaning.

The Over-The-Counter Healthcare segment offers a portfolio of OTC products under 14 primary OTC brands, including Chloraseptic sore throat remedies, Clear Eyes eye drops, Compound W wart removers, Little Remedies pediatric healthcare products, The Doctor’s brand of oral care products, Efferdent and Effergrip denture products, Luden's cough drops, PediaCare pediatric healthcare products, Dramamine motion sickness products, BC and Goody's Analgesic powders, Beano gas prevention, Gaviscon antacids, and Debrox ear drops.

The Household Cleaning segment markets household cleaning products, such as Chore Boy scrubbing pads and sponges; Comet abrasive powders, creams, liquids, and non-abrasive sprays; and Spic and Span dilutables, sprays for counter tops, glass cleaners. Prestige Brands Holdings, Inc. distributes its products through various retail channels, including drug, grocery, dollar, and club stores, as well as supermarkets and mass merchandisers.

Shares have formed a bullish "cup and handle" and higher prices are expected for this stock.

 

52-Week Trading Range:   $12.50 - $27.11

Entry Point:  $26.10

Stop Loss:  $24.65

Target Price: $28.50

Updates

5/10/2013 1:10:37 PM

PBH reached our target and we closed the position. The company remains to be a solid investment. If you decide to stay in this position, please adjust your stop loss upward to $28.50. The position was closed at $28.80.

Position closed on 5/10/2013 at price of $28.80 with a 10.34% gain in 21 days.

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