Restoration Hardware Holdings, Inc., together with its subsidiaries,
engages in the retail of home furnishings. Its product categories
include furniture, lighting, textiles, bathware, décor, outdoor and
garden, tableware, and children’s furnishings. The company sells its
products through its stores and catalogs, as well as through its
Websites, such as restorationhardware.com, rh.com, and
rhbabyandchild.com. As of January 31, 2015, the company operated 67
retail stores consisting of 57 Legacy Galleries, 7 larger format
Galleries, and 3 Baby & Child Galleries, as well as 17 outlet stores
in the United States and Canada. The company was founded in 1979 and is
headquartered in Corte Madera, California.
Take a look at the 1-year chart of Restoration (NYSE: RH) below with added notations:
Overall, RH has traded sideways since its December peak, while also
taking two large dips. Several times over that period of time the stock
has hit the same resistance at $100 (red). Yesterday the stock tried yet
again to break out, but failed once more. A close above the $100 should
lead to a significant leg higher for RH.
The Tale of the Tape: RH has a 52-week resistance at $100. The
possible long position on the stock would be on a breakout above that
level with a stop placed under it.
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