Home Depot (HD) Showing Seasonal Strength Into The Close
By Reuben L Sushman
March 12, 2010 3:58 PM
March 12, 2010 3:58 PM
Symbols: HD
Posted in: Long Ideas, Trading Ideas
In spite of overall weak consumer confidence The Home Depot Inc. (NYSE: HD) is trading near its 52 week high.
The retailer shares are trading at $32.45, up +.33 or 1.03% on active volumn. The shares traded at their 52 week high of $32.60 earlier in the session.
Traders and investors believe home owners will begin purchases for clean-up and maintenance after the winter season. The shares look to extend their rally into the close and next week.
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