Carter Worth Is A Buyer Of Home Depot Inc

On

, Carter Worth analyzed

from a technical standpoint. He compared the performance of the stock in 2015 with the performance of the S&P 500 and the consumer discretionary space and concluded that it has outperformed both the index and its sector. He also showed that it is lagging the home building sector and the home construction sectors. Worth thinks that the Fed is stuck with low interest rates and he presented a chart that shows that the start of the QE was a catalyst for the up trend in

. He added that the stock traded sideways since April and he expects it to break out from range bound trading and continue its up trend. Worth would buy

at its current price level.