Technical Scrutiny on Homefurnishing Retail Stocks -- Research on Bed Bath and Beyond, Pier 1 Imports, Restoration Hardware Holdings, and Williams-Sonoma Editor Note: For more information about this release, please scroll to bottom.
LONDON, July 11, 2014 /PRNewswire/ --
On Thursday, July 10, 2014, the NASDAQ Composite ended at 4,396.20, down 0.52%, the Dow Jones Industrial Average finished the day 0.42% lower at 16,915.07, and the S&P 500 closed at 1,964.68, down 0.41%. The losses were broad based as eight out of ten sectors ended the session in negative. The S&P 500 Consumer Discretionary Sector Index ended the day at 532.78, down 0.93%, while the index has advanced 6.46% in the previous three months. Investor-Edge has initiated coverage on the following equities: Bed Bath & Beyond Inc. (NASDAQ: BBBY), Pier 1 Imports Inc. (NYSE: PIR), Restoration Hardware Holdings Inc. (NYSE: RH) and Williams-Sonoma Inc. (NYSE: WSM). Free technical research on BBBY, PIR, RH and WSM can be downloaded upon signing up at:
Bed Bath & Beyond Inc.'s stock declined 1.45%, to close the day at $58.33. The stock recorded a trading volume of 2.60 million shares, below its three months average volume of 3.44 million shares. The stock oscillated between $58.22 and $58.74 during the session. Over the last three trading sessions and over the past one month, Bed Bath & Beyond Inc.'s shares have declined 1.57% and 4.81%, respectively. Further, the stock has lost 27.36% since the start of this year. The stock is trading below its 50-day and 200-day moving averages of $60.81 and $69.10, respectively. Additionally, the stock traded at a PE ratio of 12.13 and has a Relative Strength Index (RSI) of 45.54. Sign up today to read free research on BBBY at:
On Thursday, shares in Pier 1 Imports Inc. recorded a trading volume of 1.91 million shares, lower than its three months average volume of 2.25 million shares. The stock ended the day at $15.25, which was 1.17% below its previous day's closing of $15.43, and registered an intraday range of $15.03 and $15.47. Shares of the company traded at a PE ratio of 14.93. Pier 1 Imports Inc.'s shares have lost 2.62% in the previous three trading sessions, 12.66% in the last one month and 33.93% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $17.12 and $19.39, respectively. Furthermore, shares of the company have an RSI of 37.19. Sign up today to read free research on PIR at:
Restoration Hardware Holdings Inc.'s stock finished the Thursday's session 2.06% lower at $84.78. A total of 0.93 million shares were traded, which was below its three months average volume of 1.16 million shares. The stock moved between $83.57 and $86.31 during the session. Over the last one month and the previous three months, Restoration Hardware Holdings Inc.'s shares have surged 22.18% and 29.00%, respectively. Additionally, from the beginning of 2014, the company's stock has gained an upside of 25.97%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $73.59 is greater than its 200-day moving average of $67.60. Restoration Hardware Holdings Inc.'s stock traded at a PE ratio of 59.29 and has an RSI of 58.45. Sign up today to read free research on RH at:
On Thursday, shares in Williams-Sonoma Inc. fluctuated between $70.97 and $72.00 before ending the session 1.83% lower at $71.16. Williams-Sonoma Inc.'s stock reported a trading volume of 2.33 million shares, above its three months average volume of 0.81 million shares. Shares of the company traded at a PE ratio of 24.29. Williams-Sonoma Inc.'s shares have advanced 4.02% in the last one month, 13.33% in the previous three months and 22.10% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $67.38 and $60.22, respectively. Moreover, shares of the company have an RSI of 69.43. Sign up today to read free research on WSM at:
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