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Stock Market & Financial Investment News

News Breaks
August 18, 2014
14:14 EDTHDHome Depot technical notes ahead of earnings
The stock has outperformed the broader averages in the last three months, trading up over 9%. About half of those gains have come in recent weeks as earnings approach. Sentiment is very positive in the name, with shares trading near 52-week and life highs at $84.62, a level hit earlier in the session on Monday. If there is positive news that exceeds expectations, there is no real overhead resistance. A move to common options strike prices at $85, $87.50, and $90 would be in the cards depending on the degree of positive surprise. If the news fails to meet expectations, a breakdown to the $82 level would be the first major test of support. That area was until very recently the top of the prior-three-months trading range. Depending on the degree of negative surprise, next supports down would be at $78.07 and then at $76.50 which is near the three-month lows.
News For HD From The Last 14 Days
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January 21, 2015
12:12 EDTHDBest Buy, home retailers seen getting biggest bump from Sears demise
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January 20, 2015
07:57 EDTHDHome Depot price target raised to $120 from $100 at Credit Suisse
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January 16, 2015
08:03 EDTHDHome Depot names Craig Menear Chairman effective February 2
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