These posts were published on ZYX Buy Change Alert.
RH UP $8 FROM OUR POST
RH (RH) stock was $96.82 at the time of our post this morning. It is at $105.14 as of this writing. We have received several inquiries about profit taking here. It appears that a micro resistance is building just above $105. Depending upon how you bought it and the quantity held, it makes sense to take partial profits right here around $105. Consider stops on some under $101.88 and stops on the remaining to break even.
A NEW IDEA ON RH
RH (RH) reported earnings better than the consensus and whisper numbers. RH stock is undergoing a short squeeze. It is trading at $96.82 as of this writing. The short squeeze can carry the stock to $108 to $115 range.
The buy zone is $88 to $97.31, preferably below $94.51. The stop zone is $83 to $84.48. Those wanting a closer stop may look at a stop under $87. Since there is high risk the position size should be based on your own personal risk tolerance.
This is a short-term trade and not an investment suitable only for aggressive investors. Please keep in mind that RH stock is one of the most volatile stocks and can trade over a very wide range.
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