Home Depot (HD) for a swing on Technicals


Hi all, wondering what people think of HD for a reversal on the overall downtrend it’s been in since mid/late-March. The 20 SMA has crossed the 50, and both are above the 200 SMA, with an RSI of 50, and decent volume all on the daily chart. It seems HD dipped on Tuesday largely in sympathy with POOL even though HD (and Lowe’s) seem to have larger markets and larger market shares within that larger market than POOL does in its own. HD has long been a solid company that generally outperforms the EPS, and only missed Revenue in April after several quarters of surpassing. Curious what others think of HD as a potential buy at these prices, at least for a medium-term hold or potential options play.


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