The Home Depot, Inc. : Good timing to go long again
Entry price | Target | Stop-loss | Potential |
---|
US$221.68 |
US$232 |
US$215 |
+4.66% |
---|
The recent downward movement has sent The Home Depot, Inc. shares back to attractive levels situated around 211.57 USD. This zone could put an end to the downward movement and offers a good timing for new long positions.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
Strengths● The close medium term support offers good timing for purchasing the stock.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● Historically, the company has been releasing figures that are above expectations.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 193.59 USD
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