Home Depot (HD.US) stock fell more than 4.5% despite solid second-quarter results. Home improvement retailer earned $4.53 per share, while analysts expected earnings of $4.44 per share. Revenue also beat market expectations. However, for the first time in seven quarters the company missed U.S. same-store sales expectations. Same-store sales rose 4.5%, below the 5% consensus estimate as fewer people visited its shops to buy items for do-it-yourself projects.
Home Depot (HD.US) stock launched today’s session with a bearish price gap and is currently testing major support at $316.00, which is marked with 38.2 Fibonacci retrecment of the last downward wave and 200 SMA (red line). Source: xStataion5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.