Stock - Home Depot - Bear 6/1/06
HD is falling with the market. If it breaks 37 it will be a weak stock technically.
If the money managers see sales growth declining they will be dumping more of the stock.
Sector rotation is out of retail into cash due to rising interest rates. People are running scared.
If the buyers dry up who is going to buy. There is a formidable triple top at 44 which HD must break through to become Bullish.
Assigned to category: bear
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