Home Depot ($52.82) traded to a multi-year high of $54.28 on July 27. My quarterly value level is $48.35 with a weekly pivot at $53.03 and a quarterly risky level at $54.42.
Home Depot reported quarterly results before the market opened this morning that beat earnings-per-share estimates and raised its guidance for the full year above analyst expectations. Shares could find the strength to reach my quarterly risky level at $54.42, where investors should consider booking profits.
Lowe's (LOW) ($26.55) traded to a multi-year high of $32.29 on April 16. My annual value level is $25.06 with a weekly pivot at $25.77 and a quarterly risky level at $30.71.
Nike ($95.85) traded to an all time high at $114.81 on May 2. My weekly value level is $86.30 with a semiannual pivot at $92.33 and a monthly risky level at $106.32. Nike reported weaker-than-expected earnings on June 29, citing higher expenses and a restructuring charge, and its shares fell to a low of $85.10 that day.Amazon.com ($232.44) traded to an all-time high of $246.71 on Oct. 14. My monthly value level is $227.60 with a semiannual risky level at $236.23. Priceline (PCLN) ($562.00) traded to a multi-year high of $774.96 on April 10. My semiannual value level is $493.88 with a semiannual risky level at $615.29. On Aug. 7, Priceline gave a disappointing forecast for its third quarter that it blamed on the weak economy in Europe, and the stock traded as low as $553.43 on Aug. 9. As of publication, the author had no positions in the stocks mentioned today, and no other conflicts. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.