Next Week Is Busy for Home Depot and the Housing Sector
Believe it or not, housing is one of the strongest parts of the market in 2019 -- rivaling only semiconductors. Low interest rates and a lack of inventories are helping fuel the move.
The next week is big for the industry, with NAHB's sentiment index, housing starts and existing-home sales all due.
HD
also reports earnings on Tuesday, followed one day later by
LOW
.
HD broke out to new record levels last August and has formed a tight basing pattern since. The stock has also held its 50-day simple moving average and its stochastics show a bounce potentially starting.
The next week is big for the industry, with NAHB's sentiment index, housing starts and existing-home sales all due.
HD
also reports earnings on Tuesday, followed one day later by
LOW
. HD broke out to new record levels last August and has formed a tight basing pattern since. The stock has also held its 50-day simple moving average and its stochastics show a bounce potentially starting.