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Home Depot: The Winning Streak Continues (HD)

By Amy Schwartz

Home Depot (NYSE:HD) traded at a new 52-week high today of $138.54. This new high was reached on below average trading volume as 460,000 shares traded hands, while the average 30-day volume is approximately 3.8 million shares.

Home Depot share prices have moved between a 52-week high of $138.54 and a 52-week low of $92.17 and are now trading 50% above that low price at $138.17 per share. The 200-day and 50-day moving averages have moved 0.34% higher and 0.70% higher over the past week, respectively.

The Home Depot, Inc. is a home improvement retailer that sells building materials and home improvement products. The Company's sell a wide assortment of building materials, home improvement and lawn and garden products and provide a number of services. Home Depot operates throughout the U.S. (including Puerto Rico, the Virgin Islands and Guam), Canada, China, and Mexico.

Home Depot (NYSE:HD) is currently priced 0.3% above its average consensus analyst price target of $137.79. The stock should find initial support at its 50-day moving average (MA) of $131.75 and further support at its 200-day MA of $124.66.

SmarTrend recommended that subscribers consider buying shares of Home Depot on July 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $131.37. Since that recommendation, shares of Home Depot have risen 5.0%. We continue to monitor HD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Home Depot

Ticker(s): HD