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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.
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August 24, 2015
16:07 EDTHDHome Depot completes acquisition of Interline Brands
The Home Depot (HD) announced it has completed its $1.625B acquisition of Interline Brands (IBI), a leading national distributor and direct marketer of broad-line maintenance, repair and operations products. The agreement to acquire Interline was previously announced on July 22.

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