Time New York: Wed 12 Dec 11:52 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

RH (RH) Looks Good: Stock Adds 10.9% in Session

Zacks

RH RH was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $107.40 to $131.82 in the past one-month time frame.

The move came after the company reported better-than-expected third-quarter fiscal 2018 results.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for RH. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

RH currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.


Another stock worth considering in the Retail – Home Furnishings industry is Pier 1 Imports, Inc. PIR which carries a Zacks Rank #2.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is RH going up? Or down? Predict to see what others think: Up or Down

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.