After selling off halfway through 2007, Home Depot (HD) looks to be creating a double bottom reversal. This reversal indicates HD will climb to 35.00 over the coming months if it can break 30 on heavy upside volume.

Over the last two weeks, HD has made two attempts to break 30, each time creating a higher low. These series of higher lows indicate HD will continue to push to the upside and could break 30 in the next two weeks.



Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.