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$HD Set To Report Earnings, Chart Signals This Trade

Shares of Home Depot Inc (NYSE:HD) have surged over the last two weeks as investors expect stellar quarterly results on Tuesday morning. However, this jump higher in stock price is about to run into major resistance. Please note the stock chart below. This speaks to the high possibility of a stock price sell-off on Tuesday after they report. Expectations are for a profit of $2.23 on revenue of $27.76 billion.

 

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