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Two Trades Today: Home Depot (HD) and Netflix (NFLX)

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July 03, 2012 – Comments (0) | RELATED TICKERS: HD , NFLX

I've gotta say, that I am somewhat surprised by the fact the market is moving this morning - albeit a little over 5 points, but honestly I thought it would be a total snoozer today. I've taken the opportunity to add Home Depot (HD) at $51.50 and Netflix (NFLX) at $70 flat. 

What's funny is that both of these stocks have not been on my "A-List" of preferred stocks to trade (if I were to actually keep one) since in the past, my results with these two names have been a bit mixed. Nonetheless, a trade is a trade, and I try not to get caught up in the emotional attachments I might have to a particularly company or brand-name.

Here's the chart analysis for each. 

Long: Home Depot (HD)

Long: Netflix (NFLX)

 

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