The Relative Strength (RS) Rating for RH climbed into a higher percentile Friday, as it got a lift from 70 to 77.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 in the early stages of their moves. See if RH stock can continue to rebound and clear that threshold.
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Is RH Stock A Buy?
RH stock is building a wide and narrow consolidation with a 351.53 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The luxury furnishing retailer reported negative growth for both sales and earnings last quarter.
RH stock holds the No. 6 rank among its peers in the Retail-Home Furnishings industry group. PROG Holdings and La-Z-Boy are also among the group's highest-rated stocks.
