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.