Home Depot Extends Winning Streak To Eight

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Home Depot
HD
shares are trading higher by $1.40 at $135 in Wednesday's session. The issue has added $15 over the last eight trading sessions. Much of the rally took place on November 17, when the issue gained over $6 with Q3 EPS beat. After a flat open, it found support just under Tuesday's close ($133.60), only reaching $133.55 before climbing into the $135 handle. At this time, the current high stands at $135.12 with less than two hours remaining in the session.
Joel Elconin is the co-host of Benzinga;s #PreMarket Prep, a daily trading idea radio show.
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Posted In: TechnicalsMovers & ShakersIntraday UpdateTrading IdeasGeneralPremarket outlook
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