The Home Depot, Inc. : To new upward targets
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$71.2 | US$78.5 | US$69.2 | +10.25% |
From a fundamental viewpoint, despite a high valuation, analysts polled by Thomson Reuters have regularly revised upward the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health of the company.
Technically, the share has a bullish configuration on all time scales. Prices are supported by increasing moving averages as shown by the 20-period, in weekly data, and enclose the stock in a dynamic upward trend.
Investors could take a buy position once prices will be above the USD 71.3 resistance. The target price will be set at USD 78.5 and a stop loss will be positioned at USD 69.2.