(CLOSED +11.4%) Swing Long $RH through $35

Restoration Hardware was on my Watchlist to buy in the 33 dollar range with a price target of $50. It has broken over the 200 day moving average and is high and tight. With retail turning I am logging this Trade idea with an entry of $35 and a price target of $50 with a stop loss under $32. (RvR 5:1)


* None of this is investment advice, only ideas shared with the community.



11/22: Clean Breakout above resistance and the down trend line. Let it work.


11/29: Consolidating above the 200 Day MA before earnings on 12/08. This looks good. Next target is $40 test.



12/8: I dont hold through earnings so I close this trade at the close here $ 39



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s