RH had its Relative Strength (RS) Rating upgraded from 90 to 94 Monday.
IBD's unique rating tracks share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the top-performing stocks often have an RS Rating of at least 80 at the beginning of a new run.
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RH is now considered extended and out of buy range after clearing a 334.70 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 0%, compared to -57% in the prior report. Revenue increased from 4% to 8%.
RH holds the No. 2 rank among its peers in the Retail-Home Furnishings industry group. Williams-Sonoma is the No. 1-ranked stock within the group.
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