(Finance) – Definitely positive session for RHwhich is trading up 13.09%.
The former Restoration Hardware ended the third quarter with net profits for 33.2 million, equal to 1.66 dollars per share, against the red of 2.2 million, (12 cents) in the third quarter of 2023. revenues they grew by 8.1% annually to 811.7 million.
Outlook: the Californian group estimates a rebound in revenues of 18-20% per year for the current quarter, against the +7% of the consensus.
On a comparative level on a weekly basis, the trend of RH highlights a more marked trend than the trendline of theS&P-500. This demonstrates the greater propensity of investors to buy towards RH compared to the index.
The medium-term panorama confirms the bullish trend of RH. However, the examination of the short-term curve highlights a slowdown in the positive phase at the test of the USD 449.1 resistance, with the most immediate support identified in the 421.8 area. On the horizon, a negative evolution is expected in the short term towards the bottom identified at 412.3.