$HD:NYSE - HOME DEPOT INC - Breaking out over old highsHome Depot is running well at the moment registering as a strong buy on the Trading View TA signals. Another one breaking out over old highs. Worth a watch.
The Home Depot, Inc. (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers. Its DIY customers are home owners purchasing products and completing their own projects and installations. The Company assists these customers with specific product and installation questions both in its stores and through online resources and other media designed to provide product and project knowledge. Its DIFM customers are home owners purchasing materials themselves and hiring third parties to complete the project or installation. Professional Customers are primarily professional renovators/remodelers, general contractors, repairmen, installers, small business owners and tradesmen.
HDI trade ideas
HOME DEPOT INC Good Entry Buy I am a consultant for anyone who needs a consultant, I see that HOME DEPOT INC will GO UP in the next few HOURS
NB:
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2 (When I set the take profit and stop loss in a number that does not mean that the price will reach it, I gave a buy or sell signal only according to the analyzes I made in the chart and delete it later, in the order to share it with you so that you have a clear picture and read it clearly, thank you!)
$HD Home Depot - Over Extended Heading Into Earnings$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 - 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
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