Home Depot Makes New All-Time High After Q4 Beat

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Home Depot Inc HD shares are trading higher by $0.72 at $143.72 in Tuesday's session. The catalyst for the rally is a Q4 EPS beat of $0.11 along with a revenue beat of just under $500 million.

After a much higher open, it rallied another nickel to $145.65, which far exceeds its all-time high from Friday ($143.12), before profit-takers swarmed the issue.

So far the ensuing decline has taken the issue within a quarter of Friday's all-time closing high price of $143.00. At this time, the issue is struggling to remain in the $144.00 handle.

Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
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