Home Depot Looking Bullish As Housing Market Recovers
May, 17th 08:12
Home Depot is set to release strong numbers that will top analyst estimates. First-quarter earnings have gained some momentum from a strengthened consumer in the home improvement segment. As a result of rising average home ages, lower unemployment and solid consumer confidence, consumption of home improvement products and services has been strong . As seen on chart H1, the stock rebounded to 135.39 after reaching the resistance at 136.36. ADX is at 29.25, with DI+ staying above DI-, indicating that the uptrend is still dominant.
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