A Look At HD & BA

Looking through stock related comments on Reddit and found a redditor answered a question about HD and BA.  The redditor stated that there was no trade to be had in HD or BA because there was no pattern in either.

I think both names show good long potential.


HD W As of 15 May 2015 Close

HD looks prepared to break through a down sloping trendline to resume a longstanding uptrend.  The setup is bolstered by the proximity of a good stop level just below the most recent swing low around $106.  Additionally, my current love affair with HD extends pretty far back

Bias: Long


BA W As of 15 May 2015 Close

As for BA, the stock tested a longstanding support level around $144.50 and looks to have bounced.  I like a long play in this area… and think it is especially interesting in light of the tight stops available at the low of the week ended 8 May 2015 or tighter, just below the rising trendline.

Bias: Long

To be sure, my guesses are not necessarily better than any other trader’s.  But the structures looked good, so I thought I would share.


The Trader