Home Depot (The)
HD
Delayed Nyse - 09/22 10:00:25 pm
159.97USD
+0.49%

In an accumulation phase

Envoyer par e-mail
Anas Lozach
 

Strategy published on : 07/13/2017 | 14:14

long trade
Stop-loss triggered

Entry price : 152.784$
Target : 164$
Stop-loss : 146.8$
Potential : 7.34%

After several weeks of range-bound movement, shares in Home Depot (The) could enter into a new clear trend. The exit out of the current trading range could be the signal for a return of volatility.
Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● The company returns high margins, thereby supporting business profitability.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● The group usually releases upbeat results with huge surprise rates.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

● The tendency within the weekly time frame is positive above the technical support level at 137.98 USD


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

Zonebourse.com 2017
Envoyer par e-mail