DailyPlay for Wednesday July 22nd, 2015 – The Home Depot, Inc. (HD)

The bullish DailyPlay we chose for Wednesday July 22nd is The Home Depot, Inc. (HD). HD is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 2.25% move higher as both 1-month and 6-month trends are bullish.

The Home Depot, Inc. continues to show positive momentum with a technical score of 7 (out of 10) as both 1-month and 6-month trends remain bullish. HD looks positioned to continue its bullish trend higher towards its $117.99 resistance level. Earnings released on August 18th.

View this trade idea on $HD