One important metric to look for in a stock is an 80 or higher Relative Strength Rating. RH stock now clears that threshold, with a jump from 78 to 81 Friday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
History reveals that the best stocks often 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 working on a narrow consolidation with a 351.53 entry. See if the stock can clear the breakout price in heavy trade.
The luxury home furnishing company reported negative growth for both the top and bottom lines last quarter.
RH stock holds the No. 4 rank among its peers in the Retail-Home Furnishings industry group. PROG Holdings and RH are also among the group's highest-rated stocks.
