Restoration Hardware Holdings (RH) : Traders are bullish on Restoration Hardware Holdings (RH) as it has outperformed the S&P 500 by a margin of 3.39% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 9.94%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 10.62% in the last 1 week, and is up 10.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Restoration Hardware Holdings (NYSE:RH): The stock opened at $30.65 on Friday but the bulls could not build on the opening and the stock topped out at $30.71 for the day. The stock traded down to $29.95 during the day, due to lack of any buying support eventually closed down at $30.42 with a loss of -0.65% for the day. The stock had closed at $30.62 on the previous day. The total traded volume was 988,602 shares.
The stock has recorded a 20-day Moving Average of 5.49% and the 50-Day Moving Average is 0.74%. Restoration Hardware Holdings, Inc. has dropped 32.23% during the last 3-month period . Year-to-Date the stock performance stands at -61.71%.
Restoration Hardware Holdings, Inc. (RH) is a holding company. The Company, together with its subsidiaries, is a luxury home furnishings retailer that offers various categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware and childrens furnishings. These products are sold through the Companys stores, catalogs and Websites. The Company operated a total of approximately 67 retail stores and over 17 outlet stores in approximately 29 states, the District of Columbia and Canada, and had sourcing operations in Shanghai and Hong Kong. The Companys retail stores are located primarily in upscale malls and street locations. The Company operates stores in Alabama, Arizona, California, Colorado, Connecticut, Florida, Massachusetts, Michigan, New York, Pennsylvania, Texas, Tennessee and British Columbia, among others. Its Websites, www.restorationhardware.com and www.rh.com, provide its customers to purchase its merchandise online.