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

By Shiri Gupta

Today, shares of Home Depot Inc (NYSE:HD) have fallen below their 10-day MA of $214.55 on a volume of 500K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Home Depot Inc share prices have moved between a 52-week high of $219.30 and a 52-week low of $158.09 and are now trading 36% above that low price at $214.43 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Home Depot Inc on June 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $197.62. Since that recommendation, shares of Home Depot Inc have risen 9.1%. 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 inc

Ticker(s): HD