Traditional retail and shopping malls have certainly faced challenges over the past couple of years, particularly in the form of the big gorilla in the room, Amazon. However, a handful of names continue to perform well, and one of those names is the Texas-based home decor superstore, At Home.
This stock really started to power up back in December on some very strong turnover and price action. Even when the stock started to turn down in March (arrow), it made a huge gap up with follow-through. At Home is truly standing out in today’s market – it’s at new highs with strong technicals to boot.
The MACD is on a strong buy signal, money flow is impressive and relative strength is great. If the stock pulled back a bit, that would be an ideal buying opportunity.
At Home (Nasdaq: HOME) Video Chart Analysis
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About At Home
At Home Group Inc. operates home decor superstores in the United States. The company’s stores offer approximately 50,000 items, such as accent furniture, frames, pottery, bar stools, garden décor, rugs and mats, bedding and bath products, Halloween decorations, sculptures, beds and mattresses, harvest decorations, silk flowers, candles, home organization products, sofas, chairs, kitchenware, stands, Christmas decorations, lamps, storage products, consumables, mirrors, tables, Easter decorations, patio products, vases, floor plants and trees, pet items, wall arts, food preparation items, pillows and cushions, and window treatments. As of January 31, 2018, it operated 150 stores in 34 states. The company was founded in 1979 and is headquartered in Plano, Texas
