Average Volume: 538,632
Volume % Change: 221% >>4 Hot Stocks to Trade (or Not) From a technical perspective, RH is spiking modestly higher here right above some near-term support at $68.15 with above-average volume. This stock recently dropped sharply from its high of $77.36 to $68.15. During that move, shares of RH have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of RH have held that $68.15 low and it's now moving within range of triggering a near-term breakout trade. That trade will hit if RH manages to take out some near-term overhead resistance at $70 with high volume. Traders should now look for long-biased trades in RH as long as it's trending above some key near-term support at $68.15, and then once it sustains a move or close above $70 with volume that's near or above 538,632 shares. If that breakout triggers soon, then RH will set up to re-test or possibly take out its next major overhead resistance levels at $71 to $74.