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Rh Crosses Above its 10-day MA (RH)

By Shiri Gupta

Today, shares of Rh (NYSE:RH) have advanced above their 10-day MA of $89.07 on a volume of 174K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Rh share prices have moved between a 52-week high of $164.49 and a 52-week low of $84.11 and are now trading 7% above that low price at $90.30 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.6% while the 200-day MA has slid 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Rh on March 8th, 2019 by issuing a Downtrend alert when the shares were trading at $141.42. Since that call, shares of Rh have fallen 38.8%. 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