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Home Depot (HD) Looks Ready to Run

Home Depot (HD) Looks Ready to Run

by | Oct 11, 2021 | Chart SetUps

Home Depot (HD) hitting the ‘ready to run’ scan mid-day with shares nearing a multi-week breakout and moving above monthly value. A breakout run above $343.50 has a bigger measured move out to $375 as it works above the April/May highs. MACD is nearing a bull crossover and RSI is set to clear a range, neither overbought and plenty of room for upside. HD held the rising 8-EMA at the early lows today. HD had 1150 March $260 puts sold to open in late September and has 3,250 December $340 calls in OI from 8/30, a more than $3.65M position