• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Rh After 1.26% Gain

By David Diaz

Rh (NYSE:RH) traded in a range yesterday that spanned from a low of $135.80 to a high of $140.66. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $135.91 on volume of 975,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Rh have traded between a low of $67.72 and a high of $164.49 and are now at $137.71, which is 103% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has declined 0.6%.

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.

Keywords: rebounders

Ticker(s): RH