diff --git a/stable/prometheus-cloudwatch-exporter/CHANGELOG.md b/stable/prometheus-cloudwatch-exporter/CHANGELOG.md
index c31f87f959..f28c82ccba 100644
--- a/stable/prometheus-cloudwatch-exporter/CHANGELOG.md
+++ b/stable/prometheus-cloudwatch-exporter/CHANGELOG.md
@@ -7,6 +7,12 @@ numbering uses [semantic versioning](http://semver.org).
 
 NOTE: The change log until version 0.4.10 is auto generated based on git commits. Those include a reference to the git commit to be able to get more details.
 
+## 0.7.0
+
+PrometheusRule support added to chart.
+
+Updated cloudwatch-exporter version to [0.8.0](https://github.com/prometheus/cloudwatch_exporter/releases/tag/cloudwatch_exporter-0.8.0)
+
 ## 0.5.0
 
 Update Ingress and Deployment apiVersions for k8s 1.16 support
diff --git a/stable/prometheus-cloudwatch-exporter/Chart.yaml b/stable/prometheus-cloudwatch-exporter/Chart.yaml
index 9d9353df7c..c650dda382 100644
--- a/stable/prometheus-cloudwatch-exporter/Chart.yaml
+++ b/stable/prometheus-cloudwatch-exporter/Chart.yaml
@@ -1,8 +1,8 @@
 apiVersion: v1
-appVersion: "0.6.0"
+appVersion: "0.8.0"
 description: A Helm chart for prometheus cloudwatch-exporter
 name: prometheus-cloudwatch-exporter
-version: 0.6.0
+version: 0.7.0
 home: https://github.com/prometheus/cloudwatch_exporter
 sources:
 - https://github.com/prometheus/cloudwatch_exporter
diff --git a/stable/prometheus-cloudwatch-exporter/README.md b/stable/prometheus-cloudwatch-exporter/README.md
index 9ac5143261..ec4f317948 100644
--- a/stable/prometheus-cloudwatch-exporter/README.md
+++ b/stable/prometheus-cloudwatch-exporter/README.md
@@ -84,6 +84,10 @@ The following table lists the configurable parameters of the Cloudwatch Exporter
 | `serviceMonitor.timeout`          | Timeout after which the scrape is ended                                 |                             |
 | `serviceMonitor.relabelings`      | RelabelConfigs to apply to samples before scraping.                     |                             |
 | `serviceMonitor.metricRelabelings`| MetricRelabelConfigs to apply to samples before ingestion.              |                             |
+| `prometheusRule.enabled`          | Namespace thes PrometheusRule  is installed in                          | `false`                     |
+| `prometheusRule.namespace`        | Use PrometheusRule from prometheus operator                             |                             |
+| `prometheusRule.labels`           | labels for the prometheusRule passed to Prometheus Operator             |                             |
+| `prometheusRule.rules`            | Specify alerting rules in YAML format for PrometheusRule                |                             |
 | `ingress.enabled`                 | Enables Ingress                                                         | `false`                     |
 | `ingress.annotations`             | Ingress annotations                                                     | `{}`                        |
 | `ingress.labels`                  | Custom labels                                                           | `{}`                        |
diff --git a/stable/prometheus-cloudwatch-exporter/templates/prometheusrule.yaml b/stable/prometheus-cloudwatch-exporter/templates/prometheusrule.yaml
new file mode 100644
index 0000000000..e0c0b8e44c
--- /dev/null
+++ b/stable/prometheus-cloudwatch-exporter/templates/prometheusrule.yaml
@@ -0,0 +1,19 @@
+{{- if and ( .Capabilities.APIVersions.Has "monitoring.coreos.com/v1" ) ( .Values.prometheusRule.enabled ) }}
+{{- $fullName := include "prometheus-cloudwatch-exporter.fullname" . -}}
+apiVersion: monitoring.coreos.com/v1
+kind: PrometheusRule
+metadata:
+{{- if .Values.prometheusRule.labels }}
+  labels:
+{{ toYaml .Values.prometheusRule.labels | indent 4}}
+{{- end }}
+  name: {{ $fullName }}
+{{- if .Values.prometheusRule.namespace }}
+  namespace: {{ .Values.prometheusRule.namespace }}
+{{- end }}
+spec:
+  groups:
+  - name: {{ $fullName }}
+    rules:
+      {{- toYaml .Values.prometheusRule.rules | nindent 6 }}
+{{- end }}
diff --git a/stable/prometheus-cloudwatch-exporter/values.yaml b/stable/prometheus-cloudwatch-exporter/values.yaml
index 2ddb9e2391..c4da6cb3e0 100644
--- a/stable/prometheus-cloudwatch-exporter/values.yaml
+++ b/stable/prometheus-cloudwatch-exporter/values.yaml
@@ -6,7 +6,7 @@ replicaCount: 1
 
 image:
   repository: prom/cloudwatch-exporter
-  tag: cloudwatch_exporter-0.6.0
+  tag: cloudwatch_exporter-0.8.0
   pullPolicy: IfNotPresent
 
 # Example proxy configuration:
@@ -151,6 +151,37 @@ serviceMonitor:
   #     replacement: mydbname
   #     targetLabel: dbname
 
+prometheusRule:
+  # Specifies whether a PrometheusRule should be created
+  enabled: false
+  # Set the namespace the PrometheusRule should be deployed
+  # namespace: monitoring
+  # Set labels for the PrometheusRule, use this to define your scrape label for Prometheus Operator
+  # labels:
+  # Example - note the Kubernetes convention of camelCase instead of Prometheus'
+  # rules:
+  #    - alert: ELB-Low-BurstBalance
+  #      annotations:
+  #        message: The ELB BurstBalance during the last 10 minutes is lower than 80%.
+  #      expr: aws_ebs_burst_balance_average < 80
+  #      for: 10m
+  #      labels:
+  #        severity: warning
+  #    - alert: ELB-Low-BurstBalance
+  #      annotations:
+  #        message: The ELB BurstBalance during the last 10 minutes is lower than 50%.
+  #      expr: aws_ebs_burst_balance_average < 50
+  #      for: 10m
+  #      labels:
+  #        severity: warning
+  #    - alert: ELB-Low-BurstBalance
+  #      annotations:
+  #        message: The ELB BurstBalance during the last 10 minutes is lower than 30%.
+  #      expr: aws_ebs_burst_balance_average < 30
+  #      for: 10m
+  #      labels:
+  #        severity: critical
+
 ingress:
   enabled: false
   annotations: {}