On 3/26 after the close Restoration Hardware reported their earnings for the 4th quarter.  After an initial move lower the stock settled 4.78% higher the next day and peaked at 102 two days later. Since then the stock has moved lower and its currently down 5 days in a row to its 20 day moving average and to possible support from two trendlines as you can see in the chart below.  This set up would be extremely interesting to me if it can get above today’s high, if does that, I believe one can go long for a swing trade with a stop at today’s low.  Any type of momentum can spike the stock higher quickly due to the fact that 27% of Restoration Hardware’s float is short.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog. The stocks presented are not to be considered a recommendation to buy any stock. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.