Restoration Hardware Needs Some Resuscitation – Part 2

Restoration Hardware (RH), together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bath ware, décor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online.Two months ago, RH fell more than 17% on Friday morning after announcing their quarterly earnings that didn’t meet expectations and gave a dismal forecast.  At that time, the weekly chart suggested if the weekly demand at $100 is breached, price will drop another

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