Stocks to Buy: Home Depot Stock Consolidates (NYSE: HD)

stock to watch

Shares of The Home Depot are trading at a discount of 1.9% to a 52-week high of September 13, reflecting an uptrend since mid-August amid the publication of a strong quarterly report. Since the beginning of the year, the issuer’s quotes have added more than 33.5% in value. Earlier, the company confirmed a 3.1% forecast earnings per share up to USD 10.03 for the current year due to favorable consumer demand and a stable housing market. At the same time, growth in comparable sales is expected at 4% compared to last year.

stock to watch

During the previous week, the stock of The Home Depot grew by 2.31%. S&P 500 index went down by 1.00% during the same period.

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Trading tips

If the price consolidates above 235.00, one may consider buying #HD. Potential profits should be locked in by orders at 242.00, 248.00 and 255.00. Stop loss — 228.00.

If the price consolidates below 224.00, the company’s shares are expected to correct. The movement potential is aimed in the area of 215.00–210.00. Stop loss — 230.00.


Implementation time: 3 days.

Support and resistance

Shares of the company have consolidated after a protracted rally. Currently the emitter is moving sideways. No single direction tendencies are observed. Support and resistance levels are 224.00 and 235.00 respectively. Technical correction of #HD quotes is possible in the near future. Indicators don’t give clear signals: the price is consolidating at MA (50); and MACD is located near the zero mark. Positions are to be opened from key levels.

Comparing company’s multiplier with its competitors, we can say that #HD shares are neutral.

RecommendationBUY STOP
Entry Point235.00
Take Profit242.00, 248.00, 255.00
Stop Loss232.65, 228.00
Key Levels212.00, 218.00, 224.00, 235.00
Alternative scenario
RecommendationSELL STOP
Entry Point223.90
Take Profit215.00, 210.00
Stop Loss230.00
Key Levels212.00, 218.00, 224.00, 235.00
Sep-25-19ReiteratedTelsey Advisory GroupMarket Perform$210 → $220
Sep-17-19DowngradeGuggenheimBuy → Neutral
Jul-16-19DowngradeGabelli & CoBuy → Hold
May-01-19ReiteratedTelsey Advisory GroupMarket Perform$192
Apr-11-19ReiteratedBofA/MerrillNeutral$202 → $215
Mar-20-19InitiatedEvercore ISIOutperform$215
Feb-27-19DowngradeTelsey Advisory GroupOutperform → Market Perform$205 → $192
Nov-16-18DowngradeBofA/MerrillBuy → Neutral
Oct-23-18ReiteratedMorgan StanleyOverweight$225 → $200
Oct-17-18DowngradeCredit SuisseOutperform → Neutral
Apr-24-18InitiatedWells FargoOutperform
Apr-11-18InitiatedGabelli & CoBuy$206
Mar-02-18InitiatedLoop CapitalHold
Feb-21-18ReiteratedTelsey Advisory GroupOutperform$220 → $217
Feb-21-18ReiteratedStifelBuy$230 → $225
Feb-21-18ReiteratedArgusBuy$190 → $215
Jan-25-18ReiteratedStifelBuy$209 → $230
Jan-24-18ReiteratedCredit SuisseOutperform$183 → $222
Jan-19-18ReiteratedTelsey Advisory GroupOutperform$190 → $220

The Home Depot, Inc. as a home improvement retailer. It operates the Home Depot shops selling various building materials, home improvement products, lawn and garden products, and decorative products, as well as installation programs, home maintenance and professional services to make it and professional customers. The company also provides installation programs including flooring, cabinets and cabinet tablets, countertops, furnaces and central air systems, and windows; and professional installation in various categories sold through their stores and in-house sales programs, as well as acting as a contractor to provide me with installation services to my customers through third-party installers. It also provides tools and equipment rental services. The company mainly caters for homeowners; and professional rehabilitation / remodeling, general contractors, craftspeople, property managers, construction service contractors, and specialty craftspeople, such as electricians, plumbers, and painters. He also sells his products online. As of February 3, 2019, the company operated 2,287 stores in the United States, including Puerto Rico Commonwealth, and the Virgin Islands and Guam purposes; Canada; and Mexico. The Home Depot, Inc. was founded. in 1978 and is located in Atlanta, Georgia.


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