3 Retail Stocks That Could Be In Trouble
There are usually warning signs on the charts before stocks sell off. This could be the case with Home Depot, Inc. (NYSE:HD), Kohl's Corporation (NYSE:KSS) and Party City Holdco Inc. (NYSE:PRTY). All three may be in trouble.
Home Depot shares may be breaking the support at $320. This support held throughout April, but it may be giving way.
See Also: Are Home Depot And Lowe's Amazon-Proof?
Kohl’s has dropped to support around the $54 level. This level was support in March as well. The stock rebounded then and there is a chance it does again. But if this support level breaks, shares could make a big move lower.
Party City has dropped to support at $8.50. This important level was resistance in February, and it is support now. If the support breaks, there’s a good chance the stock makes a significant move lower.
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