|Stock Talk Stock tips, opinions and analysis|
| ||LinkBack||Thread Tools|
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".
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
cubie, why do you think that home depot is going to go through the roof?
thanks and welcome to "Stock Talk",