$HD Home Depot Golden Cross - Bullish Options Activity$HD Home Depot - Golden cross on the daily chart appears imminent (50d/200d crossover). Forming bullish channel that began with the Xmas eve bottom. Monitor for breakout above $185 for confirmation.
Unusual bullish options activity - Over 16k $110.00 strike Jan'2020 calls traded today for total premium of $120M. These are deep in-the-money, expensive contracts trading for over $7k a piece.
Medium term target - $205.00-$210.00 range by late April
Note: Informational, not investment advice.
HD trade ideas
Home Depot Warning on 2019Home Depot's earnings out this morning,missed analyst estimates,
with the company warning on 2019 slowing earnings guidance.
I had been short term bullish on HD previouslyin its most recent run towards 200,
However with this warning today,
and the stocks reaction to the news in pre market trading
I have changed my opinion to bearish.
Also note that RSI was not supporting the recent advance in the stock
and the Chaikin Money Flow Indicator CMF, shown here
shows that selling was overwhelming buying despite it's recent advance.
The is a large cap bellweather Dow stock.
Pay attention to what they are telling you.
HD 185.57 Last
THE_UNWIND
2/26/19
Mountains/New York
THE_UNWIND
Home Depot..It''s Running To $200 a ShareHome Depot ,HD, an important stock in the Dow Jones Industrial' Average,
is up over 2 % today in a breakout move that I believe
could run the stock back to the $200.00 a share threshold very soon.
I have always believed that Home Depot,is one of the market's true bellwether stocks
and with that a key stock designation,makes it a stock to watch as a market leader.
It lead the market's decline in 2018, and is leading it's strong trend advance in 2019.
Right now, Home Depot's stock is reflecting the overall markets
optimism that an economic bottom in the United States was probably hit in late 2018,
keeping in mind at all times that the market is a discounting mechanism
and that the immediate future continues to hold bright promise
for a unexpected rise back in consumer demand ,and purchasing power in 2019,
which for Home Depot, has a direct and immediate impact, on their bottom line, and on the price of it's stock.
HD Last 192.35
THE_UNWIND
2/15/19
NEW YORK