The Home Depot is a home improvement retailer. Co. provides its customers an assortment of building materials, home improvement products, lawn and garden products, and decor products and provides a number of services, including home improvement installation services and tool and equipment rental. Co. also maintains a network of distribution and fulfillment centers, as well as a number of e-commerce websites. Co. provides a number of programs for its Professional customers to meet their particular needs, and for its Do-It-Yourself and Do-It-For-Me customers, Co. provides a number of installation services. Co. also provides tool and equipment rentals for its customers.
When researching a stock like Home Depot, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from HD Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for HD stock — the real life supply and demand for the stock over time — and examines that data in different ways. |
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Video: Technical Analysis