Shares of Home Depot (HD +1.4%) and Lowe's (LOW +1.3%) trade higher after existing home sales...

|By:, SA News Editor

Shares of Home Depot (HD +1.4%) and Lowe's (LOW +1.3%) trade higher after existing home sales came in strong for April and provide a whisp of optimism after both names have fallen off over the last month. SA author Kraken says the lack of momentum with the pair of home improvement giants is because the stocks were priced for a recovery - an event that hasn't materialized yet.