Breaking: Restoration Hardware Holdings Inc (NYSE:RH) Stock Through Resistance — Technicals Hit Extreme Strength
Restoration Hardware Holdings Inc technical rating as of
(RH Price of Stock at Publication: $57.81)
Breaking: Restoration Hardware Holdings Inc (NYSE:RH) has hit maximum technical strength — watch the technical oscillators for momentum gaps. The company has broken out to a five bull momentum rating — that is extreme strength and through technical resistance.
The risk now is that the stock is overbought, but as of this moment, the price is moving abruptly higher, through resistance, and the bulls are leading the charge.
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RH is up +77.0% over the last three months and up +58.5% over the last six months. The stock price is up +72.4% over the last year. The current stock price is $57.81.
The technical rating goes from a rating of one, the weakest upside technical, to a rating of five,
the highest upside technical. This is strictly focusing on price and technical — that means we focus on real-time stock price movement and then position it relative to the simple moving averages. To make the technical rating meaningful, the moving averages are also compared to each other.
If you’re looking for the simplest version of this, here it is — when the short-term moving averages are above the long-term moving averages that indicates relative strength in the technical. Then see the current price relative to the highest moving average and you will have a “back of the envelope” technical indicator in your back pocket for…