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Bearish Moving Average Cross by Home Depot Inc (HD)

By David Diaz

Today, shares of Home Depot Inc (NYSE:HD) have crossed bearishly below their 10-day moving average of $196.74 on a volume of 542K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Home Depot Inc share prices have been bracketed by a low of $146.89 and a high of $207.60 and are now at $196.18, 34% above that low price. The 200-day and 50-day moving averages have moved 0.36% higher and 0.44% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Home Depot Inc on April 27th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $185.46. Since that recommendation, shares of Home Depot Inc have risen 6.8%. We continue to monitor HD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses home depot inc

Ticker(s): HD