Richelieu Hardware (OTCMKTS:RHUHF) Stock Breaks Above Fifty Day Moving Average – Time to Sell?

Richelieu Hardware Ltd. (OTCMKTS:RHUHF – Get Free Report) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $25.63 and traded as high as $27.85. Richelieu Hardware shares last traded at $27.18, with a volume of 29,483 shares changing hands.

Richelieu Hardware Stock Performance

The business has a 50 day moving average of $25.66 and a 200-day moving average of $27.20.

About Richelieu Hardware

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Richelieu Hardware Ltd. is a Canada-based importer, distributor and manufacturer of specialty hardware and complementary products used in the manufacture and renovation of residential and commercial spaces. Its customers include cabinetmakers, furniture manufacturers, millwork and woodworking professionals, renovation contractors, builders, designers and retailers.

The company offers a broad range of products, including cabinet and furniture hardware, handles, hinges, drawer slides, storage and closet systems, decorative accessories, lighting, sinks and faucets, as well as wood products such as laminates, edgebanding, veneers and related finishing materials.

Further Reading

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