Home Depot Crosses Below its 10-day MA (HD)
Home Depot (NYSE:HD) crossed under its 10-day moving average of $135.03 on a volume of 6.8 million 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.
Home Depot share prices have moved between a 52-week high of $137.82 and a 52-week low of $92.17 and are now trading 45% above that low price at $134.04 per share. 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 recommended that subscribers consider buying shares of Home Depot on February 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $125.27. Since that recommendation, shares of Home Depot have risen 8.0%. 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