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Bullish Moving Average Cross by Rh (RH)

By David Diaz

Rh (NYSE:RH) crossed over its 10-day moving average of $117.25 on a volume of 640K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Rh have traded between a low of $71.78 and a high of $164.49 and are now at $117.55, which is 64% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.2%.

SmarTrend is monitoring the recent change of momentum in Rh. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Rh in search of a potential trend change.

Keywords: moving crosses

Ticker(s): RH