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After Yesterday's Decline of 1.39%, Rh Offers Investors Better Value

By Nick Russo

Rh (NYSE:RH) traded in a range yesterday that spanned from a low of $193.00 to a high of $197.17. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $200.11 on volume of 179,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Rh have traded between a low of $84.11 and a high of $208.33 and are now at $196.49, which is 134% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for Rh and will alert subscribers who have RH in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders

Ticker(s): RH