If it gets dragged lower with the broader market, HD could dip, but then the charts and indicators show it will likely rise after.
Look for CL to see higher prices after some consolidative price action.
The retailer just got a Buy recommendation and the technical picture is bullish.
Trading volume in its shares has increased this year and that is another positive for the consumer products giant as more investors drive prices higher.
Company is set to report its latest quarterly results Tuesday.
Let's see what traders and investors may be thinking or how they might be positioned.
Poor earnings could drain some of the momentum, but otherwise a brush with $140 looks clearly possible.
There was a weakening technical picture for the housewares retailer even before it posted a surprise third-quarter loss.
Here's our latest trading strategy for HD stock.
A new CEO at the helm is a big plus, but the retailer's charts also indicate its shares have more upside than downside potential at this point.