IvanLabrie

HD: Short the top

Short
IvanLabrie Updated   
NYSE:HD   Home Depot, Inc. (The)
We have a good opportunity to take a short here, risk is $5.91 per share, so factor that in when sizing your trade. I'd reccomend 0.5% exposure here. Earning 1.1% per quarter, with a modest 3% free cash flow yield, valuation up here isn't good.
Good luck if shorting it.

Cheers,


Ivan Labrie.
Comment:
Acting very well, we can enter at market open risking new highs if very aggressive, but I'd reccomend considering a stop at 138.60 as the bare minimum.

Comment:
Still not breaking down, but could start soon.
Trade closed manually:
If short, exit.

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