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Bullish Moving Average Cross by Home Depot (HD)

By David Diaz

Home Depot (NYSE:HD) crossed over its 10-day moving average of $147.34 on a volume of 506K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Home Depot share prices have been bracketed by a low of $92.17 and a high of $150.15 and are now at $147.86, 60% above that low price. The 200-day and 50-day moving averages have moved 0.34% higher and 0.70% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Home Depot on November 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $128.31. Since that recommendation, shares of Home Depot have risen 14.7%. 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

Ticker(s): HD