Cookie Policy

Welcome, Guest
Username: Password: Remember me

TOPIC: Extreme Trade Alert: Home Depot $HD Poised To Move Here...

Extreme Trade Alert: Home Depot $HD Poised To Move Here... 12 Apr 2017 20:19 #1

  • inthemoneystocks
  • inthemoneystocks's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 33
  • Thank you received: 11
  • Karma: 1
I am short Home Depot Inc (NYSE:HD) based on multiple indicators showing an extreme overbought condition. The fact that Home Depot Inc (NYSE:HD) has chopped sideways over the last few months, shows institutional selling as funds and small investors buy. This is a passing off of the hot potato before the fall.

Ultimately, when the trend line below breaks (seen in the chart below), Home Depot $HD will collapse quickly. The downside target I have near-term is $135.00. In addition, investors should be very concerned with the recent jobs data and lack of mortgage loans being taken out. This may show signs of a weakening economy. If that is the case, Home Depot $HD will see the brunt of the slowdown in sales and revenues.




Gareth Soloway
InTheMoneyStocks
The administrator has disabled public write access.
The following user(s) said Thank You: remo
Moderators: remo

Time to create page: 1.137 seconds