HD trade ideas
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 $144 and even lower. But with a dividend yield of 2.36%, hey we might attract some buyers down at this levels. I will keep you posted, safe trading everyone!
#daytraderforlife
HOME DEPOT - BEAUTIFUL SHORT PLAY IN THE MAKINGWeekly chart showing a nice shooting star followed by a clear bearish engulfing pattern. Bearish pressure is mounting.
Looking for a correction into the 200 DMA and 140$ demand zone.
Blessings to you all.
Caution on the breakout HDlong term trend is bullish but slightly weakening
ascending triangle forming above MA-
negative volume pressure is underlying may lead to a weak breakout
thinking it may be a false breakout possibly trade down to 155.13 where there's least resistance
also might try to complete head and shoulders pattern down to neckline
Heading South! This stock has reached its peak on earnings and the MaCD has triggered a sell signal. Bets are this falls further. I am shorting.
A bullish symmetrical triengleHigher lows and lower highs with bullish breakthrough. Volume spike at breakthrough as well.
The Home Depot, IncIn 2016 shares of The Home Depot rose only 1.38%, while the Dow rose 13.41%. The company showed one of the worst growth results among the "blue chips". Due to the market expectations of growth of housing assets in the United States in 2017-2018 the company expects to exceed revenues of $ 100 billion in 2018.
Next month, the company will report in the fourth quarter, analysts predict that the growth of the rate of profit / share by 13.6% to $ 1.33.
Last week shares of The Home Depot showed a growth of 0.87% against the SP500 down 0.24%.
If the price is consolidated above 135.35, long positions can be opened with the targets at 136.10, 136.85 and 137.60. Stop-loss should be placed at the level of 134.60.
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.
