RH trade ideas
RH breaking out but earnings may be a roadblock.Expectations are high for RH into earnings so there is a danger of a selloff on any negatives, analysts are bullish and the stock has staged a great recovery since the previous report. Despite this the stock still has a very large short interest of 32%, who will be eager to beat this back down.
RH operates as a holding company which operates the business through its subsidiary Restoration Hardware, Inc. It offers furniture, lighting, textiles, bathware, decor, outdoor and garden, as well as baby and child products. The company operates an integrated business with multiple channels of distribution including galleries, source books and websites. The company was founded by Stephen J. Gordon in 1980 and is headquartered in Corte Madera, CA.
$RH heading back to ER highs just like $LULUJust grinding and grinding and grinding Would think 120.50 gets done
RH testing supports from May; look for upward triangle breakoutRestoration Hardware, which gapped upward on an earnings surprise a few days ago, has been in a sharp downward triangle ever since. Today it's testing a support zone from about 105.30 to 109.60. I wouldn't be surprised to see an upward breakout from the triangle, especially considering the strong retail sales report the Commerce Department released. To be honest, I'm a little surprised RH has stayed in its triangle at all today.
$RH INVESTORS TAKE A COMFY SEAT, 28% POP, ON GREAT GUIDANCE. This was a quarter that many were worried about, thus the decline pre earnings, the cloud of China trade has scared investors away. The earnings were a blowout rather than a beat, with adjusted earnings of $1.85 per share rather than the $1.53 expected, while revenue also beat by $14million.
RH also addressed the rising trade tensions between Washington and Beijing saying that it doesn't believe the "current trade climate will impair our ability to achieve our stated financial goals." The company has worked hard on sourcing, negotiating and pricing to maintain margins while not effecting sales.
The 28% jump today is fantastic but it is a missed opportunity, don't fret this stock will go back to the $160 level and a all time high soon, a opportunity above the 200ma or the gap fill level will still reward you with a + 20% return.
RH: Never a doubt when posted the setup yesterday...look whathappened. Prices marked and this thing will have some short squeeze. No clue where is this going to go. Should make lots of it's losses from last earnings. Buckle up, you ain't seen enough yet. 130-140 in 2 weeks.
RH: Reporting tonight. Remember my chart last erDon't forget. This time it is different. Massive move up coming imho. Massive.
RH (RH)(NYSE) Sel Limit $120.17 >>> Target $100.17NYSE:RH
Yahoo Trends:
3 - Strong Buy
16 - Hold
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Sell Limit - $120.17
Take Profit - $100.17
Stop Loss - $136.77
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Take Profit = +16.61%
Stop Loss = -13.85%
Update to RH SwingTook 10% off mid day today around half an R, after close trailing stop based on hourly/daily.
RH swing tradeOverdone to the downside with a decent earnings report? 100sma on the weekly with possible flush out on Monday am. Let's try it
RH: Took me way longer to analyze thisEarning is due this week. Shorts in this name is in abundance.
Technically this has plenty of downside. Actually I looked at the charts few days ago and posted a quick note in STwits and did mention my bearish stance and sure enough it did come down on Friday.
Look at this chart, same price level few months ago when it started to make a run, it had a reversal candle. Now we are in exact same price level and once again we have a reversal candle and pointing towards lower prices.
I will 100% add my puts play on Monday and see what happens.
GL
RH Looking to get LONG on a drop back to $110 and 100% UpsideTitle says it all - looking to get long deep ITM calls at $110 #stocks #trading #fintech #crypto #retail
RH the carnage about to continueOne of my favorite shorts. The uptrend is dead. No near term support. $110 area likely in the cards soon.
