No, you should not be concerned if a stock’s Relative Price Strength Rating hits a new high when the actual stock price is not at a new high. In fact, it is generally a positive sign when a stock’s relative strength (shown either by the RS Rating or the relative strength line) goes into new high ground prior to the stock breaking out of it’s base. A high relative strength indicates the stock is performing relatively well in the current market environment, which is an indication of demand.