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Rh Set to Possibly Pullback After Yesterday's Rally of 19.40%

By David Diaz

Rh (NYSE:RH) traded in a range yesterday that spanned from a low of $92.82 to a high of $121.00. Yesterday, the shares gained 19.4%, which took the trading range above the 3-day high of $97.88 on volume of 6.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Rh. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Rh in search of a potential trend change.

In the past 52 weeks, Rh share prices have been bracketed by a low of $84.11 and a high of $164.49 and are now at $114.07, 36% above that low price. The 200-day and 50-day moving averages have moved 0.74% lower and 1.13% lower over the past week, respectively.

Keywords: rebounders

Ticker(s): RH