HD trade ideas
HD THE HOME DEPOTNYSE:HD
Home Depot shares gained 0.9% premarket after reporting profits of $4.02 per diluted share, up from $3.17 per diluted share a year ago. Same-store sales surged 23.4% as households, stuck at home for months due to the pandemic, turned to home-improvement projects.
Home DepotPre Market $298.00
long term Bullish
Earnings better than Expected
Should be good news for the stock price.
Most probably pull back after going a bit higher on the open, usual thing profit taking.
RSi is high already
$HD Home Depot - Over Extended Heading Into Earnings$HD Home Depot - Over Extended Heading Into Earnings
Earnings this week before the open on Tuesday. Stock looks to be running out of gas after essentially doubling off the March lows. This has the potential for a "sell the news" post-earnings sell off.
P/E ratio currently sitting at around 28x - its highest level ever. The only other time it was ever over 25x was in January 2018 when it was about 27x. This was followed by about a -15% correction over the next couple months.
Medium term target: $250-$260 range by Oct
Note: Not investment advice.
HD: Short bullish then correction..Depending on the earnings and how people react.... it may change... but this is how I see it.
I.T. TOP IN LOWES AND HOME DEPOT As I hate anything but technical analysis . I sources who supply these big box store an a FYI THEY ARE RUNNING OUT OF ALL LUMBER AND EVERYTHING THERE ARE NO NEW SUPPLY CHAIN CANADA COMING FROM
HOME DEPOT daily analysisHi friends
the daily chart will be trending upward in the next few days but nothing needs to be done until the breakout at 271.76 level so you better be vigilant for the change in direction of this market
please subscribe to receive more analyzes
HD - swing puts based on weekly and daily chartsStochastic and RSI, as well as directional volume (DMI on chart) are all elevated and price on weekly is ready to return to 10sma. Based on weekly chart, I like 8/21 expiry 250 strike, and for a faster turn around I like 8/7 expiry 265 strike.
For a day trade, buy this week's 267.50 puts and exit if stock moves over 268.
Home Depot $HD "brekout"$HD broke $259.29 out last week and ready for a new uptrend. However, the volume and rsi are still weak and just watch for more volume before get in.
Note: Lumber price is increasing so it may affect also HD performance positively.
12 months Consensus Price Target: $255.28
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
$HD looking ready to Breakout $HD forming sharp triangle boundary and volume above 20MA looking ready for breakout
" don't forget SL "
$HD megaphone top with RSI divergence$SPY $AAPL $SPX $QQQ $HD Picked up some September EXP puts on $HD because of this Megaphone top + RSI divergence.
HD: Ascending TriangleAscending Triangle
Descending volume
200MA positive
PPS above 50MA and 200MA
250RSI above 50
If confirmed
PT = 287,24
