I feel that HD is a buy because it is in an oversold state.
I would buy at 37.70 or better with a stop at 37 on a close only basis.
As the housing market declines with rising interest rates more people will be doing home improvements verses moving. This will give HD a contrarian view of the housing market. HD makes more money on the retail side verses the contractors side in margins thus the do it yourselfers will help HD profit margins at a sacrifice to the sales growth. They have a good dividend and are the top hardware sales outlet. This is a low risk trade because we are near the bottom of the trading band. Technically we are in a rising penant formation which is bullish.