The Hourly View for RH
Currently, RH (Get Ratings)’s price is down $-1.24 (-0.2%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
RH’s Technical Outlook on the Daily Chart
Currently, RH’s price is up $9.05 (1.52%) from the day prior. This move is a reversal from the day prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows RH’s price action over the past 90 days.
For RH News Traders
News traders keeping an eye on RH may find value in this recent story:
In the latest trading session, Restoration Hardware (RH) closed at $596.34, marking a -0.75% move from the previous day.
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The post Rh (RH): Price Up $9.05 (1.52)% Over Past Day, Down $-1.24 (-0.2)% Over Past Hour appeared first on ETF Daily News.
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