Bullish: Breakout Expectations (Beta)Trade Plan,
Target price @ US$293 (Previous High)
Stop loss a@ 274.50 (Below17D SMA)
Technically,
Stock is consolidating within a triangle pattern with expectations of bullish breakout.
Fundamentally,
Beneficiary of Work from home trend and a recovering economy. PE at 25.8x and Div Yld at 2.15%.
Company Background,
Operates 2,291 home depot stores offering building materials/home improvement and lawn/garden products.