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Home Depot Bearish Moving Average Crossover Alert (HD)

By James Quinn

Home Depot (NYSE:HD) shares have crossed bearishly below their 10-day moving average of $127.07 on a volume of 1.4 million 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 share prices have been bracketed by a low of $92.17 and a high of $137.82 and are now at $126.30, 37% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for Home Depot and will alert subscribers who have HD in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Home Depot

Ticker(s): HD