Home Depot (HD) Sharply Lower Despite Strong Quarter

Dow component The Home Depot, Inc. (HD) is trading lower by more than 2% in Tuesday’s pre-market despite beating fourth quarter 2020 top- and bottom-line estimates by wide margins. The company booked a profit of $2.65 per share, $0.28 better than expectations, while revenue surged 25.1% year over year to $32.26 billion, beating consensus by… Continue reading Home Depot (HD) Sharply Lower Despite Strong Quarter

US housing starts drop sharply; building permits rise modestly

How long will housing boom last? Doug Bauer on housing boom, coronavirus  U.S. homebuilding fell more than expected in April, likely pulled down by soaring prices for lumber and other materials, but construction remains supported by an acute shortage of previously owned homes on the market. Housing starts tumbled 9.5% to a seasonally adjusted annual… Continue reading US housing starts drop sharply; building permits rise modestly

Bitcoin Rebounds Sharply: Here’s Why 100 SMA Could Trigger More Gains

Bitcoin is surging and it recently tested the $9,400 support area against the US Dollar. BTC price is likely to continue higher towards $10,000 as long as it is above the 100 hourly SMA. Bitcoin is showing positive signs above the $9,650 and $9,700 levels. There was a sharp rebound after the price declined towards… Continue reading Bitcoin Rebounds Sharply: Here’s Why 100 SMA Could Trigger More Gains

Ripple Bounces Sharply, Reaches a High of $0.26

Interestingly, the bulls finally broke the knotty resistance at $0.24 and advanced upward. Unfortunately, the upward move was not all-encompassing as the coin retraced back to the support at $0.24. Some analysts were of the view that if the $0.24 resistance was broken, the coin would rally above $0.25. More so, the subsequent move will… Continue reading Ripple Bounces Sharply, Reaches a High of $0.26

Bitcoin Cash Price Analysis: BCH/USD Reverses Sharply Below $540

Key Points Bitcoin cash price failed to hold gains above $540 and declined sharply against the US Dollar. There was a break below a major bullish trend line with support at $530 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair declined heavily and retested the $500 and $510 support… Continue reading Bitcoin Cash Price Analysis: BCH/USD Reverses Sharply Below $540