Jun. 1 at 5:17 PM
$HD Said a few weeks ago that in a few weeks the 20 week MA would be falling below the 200 week for the 1st time in 16 - 17 Years. I did say "day" when I meant to state "week", but everything else was correct as it was virtually certain to happen at that point due to the SP then and now. Well it happened last week.
Not to say this is not a good place to start picking up some shares. However big money managers that would ignore that Death Cross would have some Splaining to do if they were found to be under performing because of it. Even Jim Cramer stated HD is "one of the most problematic positions" in his Charitable Trust portfolio!