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Home Depot Bearish Moving Average Crossover Alert (HD)

By Amy Schwartz

Today, shares of Home Depot (NYSE:HD) have crossed bearishly below their 10-day moving average of $154.95 on a volume of 549K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Home Depot have traded between a low of $92.17 and a high of $160.86 and are now at $154.50, which is 68% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

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 21.1%. 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