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Rh Bearish Moving Average Crossover Alert (RH)

By Amy Schwartz

Today, shares of Rh (NYSE:RH) have fallen below their 10-day MA of $46.28 on a volume of 372K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Rh has traded in a range of $24.41 to $79.91 and is now at $46.01, 88% above that low. The 200-day and 50-day moving averages have moved 1.64% lower and 2.09% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Rh on August 1st, 2017 by issuing a Downtrend alert when the shares were trading at $64.38. Since that call, shares of Rh have fallen 27.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses

Ticker(s): RH