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Actionable news in HD: HOME DEPOT Inc,

Home Depot Charts Show a Parabolic Bubble That Could Pop Any Time

Home Depot (HD) has been a top-performing stock for many years, as the home improvement segment of the housing market has been a bright spot for the U.S. economy.

The company reports quarterly earnings before the opening bell on Tuesday. It is expected to earn $1.33 a share. The home improvement giant has a winning streak of 15 consecutive quarters of beating analysts' earnings-per-share estimates.

On Monday, the National Association of Homebuilders reports its sentiment reading for May, which is a measure of expected demand for newly constructed single-family homes. This measure has been stuck at 58 for the last three months, while shares of Home Depot surged to an all-time intraday high of $137.82.

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Any weakness in the housing market would provide a warning for the stock. Buyers of new homes often shop at Home Depot for home repair tools and for their landscaping needs.

Home Depot is a component of the Dow Jones Industrial Average (INDU) . At...