Go Back   MajorWager Forums > MW - Online Sportsbooks > Stock Talk
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

Stock Talk Stock tips, opinions and analysis

LinkBack Thread Tools
  #1 (permalink)  
Old 01-26-2006, 02:53 AM
cubie cubie is offline
Join Date: Dec 2004
Posts: 1,194
Default buy

home depot now gonna go through the roof
Reply With Quote
  #2 (permalink)  
Old 01-26-2006, 03:12 AM
GoodKarmaGuy GoodKarmaGuy is offline
Join Date: Apr 2003
Posts: 825
Default RE: buy

Why do you say that Cubie? With the rise in rates and the housing markets in key areas slowing down, I'm uncomfortable with anything to do with the housing sector. I don't live in the States so hopefully you can provide some insight. Another home improvement store that intrigues me is Lowes. Lowes doesn't have any stores in my country soThey're not in my country so I don't have any first hand experience to go with. Speaking from my own experience, Home Depot has clearly done everything thing right to become the leader within it's sector. No hardware store that I've visited in the last 10 years comes close to the Home Depot "experience".
Reply With Quote
  #3 (permalink)  
Old 01-26-2006, 07:17 AM
bazanster2 bazanster2 is offline
Two Star General
Join Date: Jul 2001
Posts: 8,014
Default RE:buy

Home Depot (HD) just broke through it's 50 Day moving average.
Not something one would associate with a buy signal.
However in this case, this drop is also near it's long term bottom channel
on the yearly chart. There was a spike in selling volume early in the decent,
but recent sell offs have been on less volume.
This might be a good buying opportunity on a reversal if one was bullish this market.
Higher interest rates would be bearish for this stock. Many traders anticipate
that the Fed will cease their tightening so there may be some more run in this
Bull Market afterall.
Would note that the MACD has fallen below -0- and the Slow(blue) signal
has inverted above the fast(red) line. That then to be bearish.
The MACD has also fallen below -0- and head down into bearish territory.
Would wait to the MACD has fallen to around -.6 and look for an inversion
of the Slow/fast lines supported by an bounce in the MACD Histogram.
The Stochastic is signaling an "Oversold" condition. One of the few bearish
signals present.

cubie, why do you think that home depot is going to go through the roof?

thanks and welcome to "Stock Talk",

Reply With Quote

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

All times are GMT -4. The time now is 10:04 AM.

Please be advised that if you are wagering over the internet, this is illegal in many jurisdictions. A wagering site may be operating legally at their location but it may still be illegal for you to wager from your location. We suggest you check on the legal situation from any jurisdiction in which you may wager.

Search Engine Optimization by vBSEO 3.0.0 RC6