Making a Case for Restoration Hardware

I admit that Restoration Hardware (RH) is one of my favorite places to shop. My office desk and several other items were born there. Just because I like the store, it doesn't automatically translate to liking the stock. We are going to see earnings from this retailer this evening and it may offer an opportunity into and after the number based on history.

Over the past four reports, the stock has closed higher than it opened three times, although the one time it was lower, it was lower by 8.7%, with the higher closes coming in at 2.2%, 7.1% and 3%. Not too bad overall, but I would look to limit losses to a few percentage points if buying the open. Of course, following the direction of the open has worked for a profit three of the past four reports as well, with the loss coming in around 7% while the gains were 2.2%, 3% and 8.7%, which is very similar to buying the open....311 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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