The Home Depot, Inc. : Bullish trend
By Alexandre Nutte
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$51.24 | $0 | $50.4 | -100% |
From a fundamental viewpoint, despite a high valorization, analysts polled by Thomson Reuters are regularly upgraded the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health of the company. Besides analysts polled by Thomson Reuters are regularly upgraded the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health of the company.
The security is in perfect upward trend for several months. A running out of steam is occurred with the contact of the USD 52.7 which is the highest recorded by this share. This movement is supported by the 20-days moving average and may stop any bearish inclinations of The Home Depot’s stock. Exceeding the USD 52.7 will indicate a buy signal for a target price in the area of USD 57.2.
Investors could take a buy position once the prices will close above the resistance. A stop loss will be positioned under USD 50.4.