The Traderszone Network

Published in TZ Latest News 11 July, 2015 by The TZ Newswire Staff

Restoration Hardware (RH) Poised For A Breakout

Restoration Hardware (RH) engages in the retail of home furnishings.  Over the past three months, the home improvement retail index ($DJUSHI), to which RH belongs, is down more than 4% while RH consolidates ahead of what could be a triple top breakout.  As a result, RH is showing solid relative strength vs. its peers of late and is doing so with nice volume trends in play.  A close above 100 on above average volume would represent a very bullish development with a target close to 125.  The rising 20 week EMA has been providing solid support during pullbacks.

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