Home Depot’s (NYSE: HD) stock price signaled a trend-following entry earlier this year, having completed a head-and-shoulders reversal at a critical uptrend line.
Momentum was recently boosted by a solid Q2 report, which revealed inherent strengths despite the tepid housing market, with professional and small projects contributing to growth and margin. The impact of IEEPA tariff refunds was in the mix, but viewed as a positive, given unexpectedly higher input costs.
