RHT is favoring a pattern of following on with more aggressive, same-direction next-day closing levels following after-hours earnings-events. The stock has seen more aggressive next-day movement in 16 of the last 22 quarters, or 73% of the time.
In the near term, the stock has widened its next-day move in six consecutive quarters.
Looking deeper into the performance data, RHT performs solidly on both sides of the trades post-earnings. It has advanced in evening action in 10 of the 22 quarters we've tracked, and in six of those events the stock recorded a more aggressive next-day regular session move.
On the short end of the trade, RHT has recorded a post-earnings after-hours decline in 12 quarters. In nine of those quarters, the stock has posted a deeper move into the red in the following day's regular session.
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