• Return to Headlines

Rh Crosses Above its 10-day MA (RH)

By Shiri Gupta

Today, shares of Rh (NYSE:RH) have crossed bullishly above their 10-day moving average of $100.65 on a volume of 181K 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 $24.41 and a high of $109.53 and are now at $103.44, which is 324% above that low price. 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 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 10.8%. 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