HD closed out the week with a 4% gain. The stock is up 10% from the May lows. The drop in rates over the last three weeks has given the housing related stocks a nice jolt. We believe HD is on the verge of a breakout. The stock is bumping up against an overhead trend line that links the 2018/2019 highs. A clear take out of the $209.00 area could spark quite a run.
We are long HD in some managed accounts.