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Home Depot Crosses Below its 10-day MA (HD)

By David Diaz

Home Depot (NYSE:HD) crossed under its 10-day moving average of $126.13 on a volume of 920K 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.

Over the past year, Home Depot has traded in a range of $92.17 to $139.00 and is now at $125.73, 36% above that low. 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 its subscribers protect gains by selling shares of Home Depot on September 8th, 2016 by issuing a Downtrend alert when the shares were trading at $132.03. Since that call, shares of Home Depot have fallen 4.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Home Depot

Ticker(s): HD