Long Position on RH @ $91.85 on 1/22/2015 (Momentum)

Restoration Hardware Holdings, Inc. (RH) is engaged in the retail of home furnishings.

Its product categories include furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and children’s furnishings. The company sells its products through its stores and catalogs, as well as through its Websites, such as restorationhardware.com, rh.com, and rhbabyandchild.com.

As of February 1, 2014, it operated 70 retail stores consisting of 62 Galleries, 5 full line Design Galleries, and 3 Baby & Child Galleries, as well as 17 outlet stores in the United States and Canada. 

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

52-Weeks Trading Range: $54.61 - $100.66

Entry Point: $91.85

Stop Loss: $87.25

Target Price: $101.05

Updates

2/2/2015 10:17:30 AM

RH fell below our stop loss. Closed at $87.16

Position closed on 2/2/2015 at price of $87.16 with a -5.11% loss in 11 days.

Back to Portfolio