Stellar Q1 Results Not Good Enough For Home Depot

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Home Depot Inc HD shares are trading lower by $2.17 at $133.17 in Tuesday's session. Despite a Q1 beat for EPS of $0.09 along with a slight beat for revenues, the issue is under selling pressure.

Related Link: Infographic: How Big Box Stores Can Beat Amazon, Save Christmas, And Make Billions

After a lower open, it couldn't retake Monday's close ($135.34), only reaching $134.39 before continuing lower. The ensuing decline took the issue beyond the trio of lows at the $133 level, reaching $131.35 before staging a rebound. That low is just above its March 29 low ($130.71).

Since making that low, it attempted to revisit the high for day but was turned back just shy on two different attempts.

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