TSX:RON.PR.B - Post Discussion
Post by
BearBullBrian on Aug 14, 2012 9:44am
Rona's management fail in Canada
where the housing market is solid, while in the U.S., where the housing market stinks, Home Depot are doing well.
Home Depot, Inc. (NYSE:HD) – $53.67 added 1.6% after reporting higher than expected second quarter resuls. The stock has a positive technical profile. Intermediate trend is up. The stock is testing its all-time high at $54.28.The stock trades above its 20, 50 and 200 day moving averages. Short term momentum indicators are trending higher. Strength relative to the S&P 500 Index has been positive since last October.
Whether this deal with Lowe's goes through or not the board of RONA should oust the current management team. I'm sure the SSJB could find some suitable replacements.
BBB
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