Actionable news
0
All posts from Actionable news
Actionable news in HD: HOME DEPOT Inc,

Home Depot, Lowe's Face Technical Headwinds — So Use Charts to Trade Them

Home improvement giant Home Depot (HD) is a benchmark component of the Dow Jones Industrial Average (INDU) . The stock was the third-best performer of the Dow 30 in both 2014 and 2015, with annual gains of 27.5% and 26%, respectively. This year the stock is down 2.4%, but is up 17.7% since trading as low as $109.61 on Feb. 8.

Home Depot reports quarterly earnings before the opening bell on Nov. 15. Analysts expect the company to earn $1.58 a share. Home Depot has a string of 17 consecutive quarters of beating analysts' earnings-per-share estimates.

Arch rival Lowe's (LOW) has had a tougher year, and is down 8.7% year to date. But is up 10.9% since trading as low as $62.62, also on Feb. 8.

Lowe's reports quarterly earnings before the opening bell on Nov. 16. Analysts expect the company to earn 97 cents a share.

Here are the daily and weekly charts for the two home improvement retailers and how to trade them.

The daily charts feature...


More