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

By James Quinn

Home Depot (NYSE:HD) crossed under its 10-day moving average of $155.93 on a volume of 751K 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.

Home Depot share prices have moved between a 52-week high of $158.15 and a 52-week low of $92.17 and are now trading 69% above that low price at $155.77 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.3%.

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 23.2%. 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