After several weeks of range-bound movement, shares in Home Depot (The) could enter into a new clear trend. The exit out of the current trading range could be the signal for a return of volatility. Investors have an opportunity to buy the stock and target the $ 164.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company has solid fundamentals for a short-term investment strategy.
The company returns high margins, thereby supporting business profitability.
Considering the small differences between the analysts' various estimates, the group's business visibility is good.
The group usually releases upbeat results with huge surprise rates.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
The tendency within the weekly time frame is positive above the technical support level at 137.98 USD
The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
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