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RH Stock Shows Market Leadership With Jump To 84 RS Rating

When looking for the best stocks to buy and watch, focus on those with rising relative price strength. One stock that fits that bill is RH (RH), which had its Relative Strength (RS) Rating upgraded from 80 to 84 Tuesday. See if RH stock can continue this trend.

 

IBD’s unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the trailing 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating north of 80 as they begin their biggest price moves.


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RH Stock Builds A Base

RH stock is building a consolidation with a 744.66 buy point. See if the high-end home furnishings retailer can break out in volume at least 40% above average.

 

RH posted 73% earnings growth in the latest quarterly report. Revenue gains came in at 39%.

RH holds the No. 2 rank among its peers in the Retail-Home Furnishings industry group. Lovesac (LOVE) is also among the group’s highest-rated stocks.

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