Home Depot shortHarvey had hit the United States hard, causing serious damage. Now Irma stands almost on the doorstep and could put another one on it. But if Irma Florida should still miss, the damage should not be as high as currently expected in many places.
HD increased strongly and opened an up gap after another. But the momentum and dynamic have been weakening and a nice doji was build yesterday. Here you could think about a short trade. The stop loss can be set at the high of the doji candle, the take profit could be at 152, which creates a very good risk-reward-ratio.
Homedepot
HD HomeDepot - Will we bounce or see further pain aheadIs this a Home Depot ( HD ) opportunity or trap for further pain to the downside? We clearly see a past resistance around the current levels of $150 that could turn into future support and help us find buyers there, but breaking $150 would open the door to the $144 and even lower. But with a dividend yield of 2.36%, hey we might attract some buyers down at this levels. I will keep you posted, safe trading everyone!
#daytraderforlife
HD: Short the topWe have a good opportunity to take a short here, risk is $5.91 per share, so factor that in when sizing your trade. I'd reccomend 0.5% exposure here. Earning 1.1% per quarter, with a modest 3% free cash flow yield, valuation up here isn't good.
Good luck if shorting it.
Cheers,
Ivan Labrie.
American Woodmark (AMWD) Radical EPS Forecast HikesAmerican Woodmark (AMWD) has had the EPS forecast hiked from $0.55 just 30 days ago, to $0.57 within the last few days.
The EPS has increased by +150% quarter over quarter and revenue has been uptrending for 5 years now.
The stock has been in an uptrend since June of 2014 and it continues to power higher on the catalyst that improved home sales and remodeling will continue as the U.S. economy slowly improves.
What's equally impressive is that the company continues to improve gross margin.
The company sits on a $162 million pile of cash, with only $21.7 million in debt.
The stock trades in the Home Furnishings and Fixtures industry which is on fire right now.
Source: www.guerillastocktrading.com