When building your watch list, focus on stocks with an 80 or higher RS Rating. RH stock is one stock that just reached the mark, now earning a score of 82.
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Decades of market research reveals that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves.
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Is RH Stock A Buy?
RH stock is trading near its 50-day moving average. While the retail stock is not near a proper entry right now, see if it goes on to form and break out from a proper consolidation.
Earnings-per-share growth dropped last quarter from 0% to -57%, but sales rose from -2% to 4%. Keep an eye out for the company's next round of numbers on or around Dec. 4.
RH stock holds the No. 5 rank among its peers in the Retail-Home Furnishings industry group. Williams-Sonoma is the top-ranked stock within the group.
