No way RH has been able to whether the recession we're in. Lets see this mf tank.
RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through...
below 332 320-324 possible intraday idea only valid if market red/negative 2morrow #optionstrading #options #daytrading #tradeideas #stockmarket
The PEAD projected a Bearish outlook for $RH after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
Not doing lots of micro, but this earnings call is insightful to get a sense for the situation in the real economy. I just cut through the BS and put together the macro snippets. CEO Gary Friedman goes full mad max. Enjoy! "While first quarter sales and margin trends remain healthy due to the ongoing relief of our backlog, we have experienced softening demand in...
Has an adjusted earnings growth rate of 26.78% with a historic 12Y norm PE of 26.89 (5Y 20) and a current P/E of only 15. Intrinsic Value based on 15 P/E alone for 2022 estimates = $390. With an adjusted earnings growth rate of 13.09% across a 5Y span, this is a solid buy. Risks are the 72% Debt/Capital with interest rates being a risk as well as homefurnishing...
RH may have found support at the bottom of its channel let’s see if it’ll push back up.
Nice bounce on the Weekly 20EMA right before earnings.
RH appears to be trading in a wide rectangle. This pattern is neutral until a trendline is broken and a confirmed trend is underway in the direction. RH has pierced the upper trendline but a throwback occurred, Negative volume is high. Price is sitting on the bottom trendline which is support unless broken. Support and resistance levels were made to be...
Restoration Hardware Holdings, Inc. is a luxury brand in the home furnishings marketplace. Fundamentals - Sales of new U.S. single-family homes increased in July after three straight monthly declines. Median house prices surged 18% to $390K from a year ago. People are still renovating homes in this low rate environment and people working from home. Technicals -...
Restoration Hardware Coming off earnings Higher highs, higher lows Price action from August 11th highs are bouncing from the August 19th lows PT -> $720, 10 days, Sept 3rd Low Volume Rsi -> breaking above the 50 line Green hammer on the daily
RH's (RH) stronger-than-expected fiscal Q1 results featuring "beats across the board and demand at record levels" signal more gains in 2021 and beyond "on a slew of initiatives to drive growth," BofA Securities said in a research note. Following a strong earnings, RH has consolidated for a few months accumulating institutional buying. If RH closes above...
$RH continues to build its base at ATHs after that earning gap up. The base is now a 3+months cup with handle pattern. Keep an eye on this as it is doing all the right things building that base so far.
RH is expanding into Europe, and we’re positive on that move. Historically, when U.S. retailers go international, things get tricky. Usually, they’re selling other companies’ products, but RH sells its own. Demand for the product is every bit as strong in Europe as in the U.S The stock trades for about 30 times next fiscal year’s earnings, and we see the company...
Must have been a great earnings report! Just makes me wish I had bought it yesterday! I had the chart already done but did not buy it and I knew the flag was there. Oh well. Bull Flags do not always break to the upside but this one sure did! No recommendation. It was a lot harder to buy yesterday. Now it seems like a no brainer. Too bad I am not...
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That's what came into my mind via intuition when I asked. I followed it up with my dowsing and got the "waterfall" option. Think RH revisits the 400s.