RH stock trades under the ticker RH & has shown recent bullish behavior that traders & investors should take note of.
RH stock closed at $340.89/share on 4/11/2022.
RH RH Stock’s Technical Performance Broken Down
RH Stock Price: $340.89
10 Day Moving Average: $339.13
50 Day Moving Average: $372.87
200 Day Moving Average: $563.15
RSI: 45.99
MACD: -11.172
Yesterday, RH stock completed a bullish MACD crossover, while breaking out above its 10 day moving average.
Their trading volume has been elevated above average the last couple of weeks, when compared to the year prior.
MLR stock will need to cross through the $346.99, $358.98 & $360.10 resistance levels as it climbs higher in the near-term.
RH RH Stock As A Long-Term Investment
Long-term focused investors will like RH stock’s P/E (ttm) of 16.01, although their P/B (mrq) of 7.44 is a bit high.
They recently reported 11.1% Quarterly Revenue Growth Y-o-Y, with 12.9% Quarterly Earnings Growth Y-o-Y.
Investors may want to take a closer look into their balance sheet, with $2.18B in Total Cash (mrq) & Total Debt (mrq) of $3.43B.
RH stock does not offer a dividend yield, which may turn off some investors.
96% of RH stock’s outstanding share float is held by institutional investors.
RH RH Stock As A Short-Term Trade Using Options
RH stock has options that traders can use to profit off of their price movements in the near-term, while hedging against broader market volatility.
I am looking at the contracts with the 5/20 expiration date.
The $330, $340 & $350 calls all look appealing, and are all liquid with open interest levels of 1,587, 761 & 569.
The $360, $370 & $380 puts also look appealing, although they have much lower levels of open interest.
Tying It All Together
All-in-all, RH stock is worth taking a closer look into, regardless of your trading style.
Investors will like their valuation metrics & balance sheet, but may be disappointed by their lack of paying a dividend.
Traders will like their current momentum, as well as their open interest levels & variety of expiration dates (weekly contracts).
*** I DO NOT OWN SHARES OF RH STOCK ***