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