HD Supply Holdings Inc (NASDAQ: HDS)

HD Supply Holdings, Inc. operates as an industrial distribution company in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions, and White Cap. The company distributes maintenance, repair, and operations products, including electrical and lighting items, plumbing products, HVAC products, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products; fasteners, builders hardware, ropes and chains, and plumbing accessories; and kitchen cabinets, windows, plumbing materials, masonry, electrical equipment, lumber, flooring and tools, and tool rentals.
To review HD’s stock, please take a look at the 9-month chart of HDS (HD Supply Holdings, Inc.) below with my added notations:

HDS has been trading between $21 and $25 for most of its existence. The stock had created a clear level of resistance at that $25 (blue), which was also a 52-week high (or 9 month) resistance. A break through that level would most likely mean higher prices for the stock, and as you can see from the chart, HDS finally broke higher last week on a nice spike in volume.

The Tale of the Tape: HDS broke out to a new 52-week high. A long trade could be made near $25 with a stop placed below that level. A break back below $25 would negate the forecast for a continued move higher.
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