Market Overview

Home Depot Flirts With All-Time High After Q3 Beat

Share:
Related HD
America First: 9 Of The Country's Favorite Brands Are American
Rolling A Lucky 7: Can Market Extend Streak As Holiday Weekend Approaches?
Indexes Chalk Off Weekly Closing Highs; Young IPO Scores Breakout (Investor's Business Daily)

Home Depot Inc (NYSE: HD) shares are trading higher by $5 at $125.84. The rally is the result of a Q3 EPS beat of $0.03 with inline revenues. This is the sixth consecutive quarter the company has met or beat Wall Street estimates for EPS and revenues. Over that course of time (August 19, 2014), the issue has soared from $75.21 to its current level.

After a higher open, it had a nearly $2 selloff before bottoming at $123.10 and resuming its rally. So far, the rally ended $0.02 shy of its all-time high that was made on November 12 at $126.12. In order to post a new all-time closing high, it would need to settle above its November 6 close ($125.98).

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

Do you like this article? Do you have suggestions for improvement? Please email feedback@benzinga.com

Posted-In: Premarket outlookTechnicals Intraday Update Movers Trading Ideas

 

Related Articles (HD)

View Comments and Join the Discussion!