r3anand

Massive downside risk to Home Depot & Lowe's

Short
NYSE:HD   HOME DEPOT INC
I think the all time highs for these 2 stocks are behind us and they should only head lower from here. Ive observed a repeating pattern for both these stocks which tell me a trend change is forthcoming

Comments

Interesting idea. I did some shopping recently at these places though and was surprised by how crowded they were. Then again, maybe that was just a quick push higher.
+1 Reply
r3anand scheplick
@scheplick, yes im sure there was probably some pent up demand but I think there's far too much optimism baked into the price
Reply
Nice analysis. Thank you.
+1 Reply
r3anand oegedei
@oegedei, most welcome !
Reply
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