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Watch for Continued Gains in Shares of Home Depot Inc (HD)

By David Diaz

Home Depot Inc (NYSE:HD) traded at a new 52-week high today of $221.23. Approximately 687,000 shares have changed hands today, as compared to an average 30-day volume of 3.3 million shares.

Home Depot Inc share prices have moved between a 52-week high of $221.23 and a 52-week low of $158.09 and are now trading 40% above that low price at $221.23 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.3%.

Home Depot Inc (NYSE:HD) is currently priced 4.6% above its average consensus analyst price target of $210.98. Home Depot Inc shares have support at the 50-day moving average (MA) of $210.59 and additional support at the 200-day MA of $191.99.

The Home Depot, Inc. is a home improvement retailer that sells building materials and home improvement products. The Company sells a wide assortment of building materials, home improvement and lawn and garden products, and provide a number of services. Home Depot operates throughout the United States, Canada, China, and Mexico.

SmarTrend is monitoring the recent change of momentum in Home Depot Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Home Depot Inc in search of a potential trend change.

Keywords: 52 week high/lows home depot inc

Ticker(s): HD