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Rh Bullish Moving Average Crossover Alert (RH)

By Nick Russo

Today, shares of Rh (NYSE:RH) have crossed bullishly above their 10-day moving average of $101.61 on a volume of 110K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Rh share prices have been bracketed by a low of $41.52 and a high of $109.53 and are now at $104.30, 151% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Rh on March 28th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $90.53. Since that recommendation, shares of Rh have risen 11.2%. We continue to monitor RH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses

Ticker(s): RH