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Home Depot Inc Set to Possibly Pullback After Yesterday's Rally of 1.49%

By David Diaz

Home Depot Inc (NYSE:HD) traded in a range yesterday that spanned from a low of $225.40 to a high of $225.95. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $224.95 on volume of 2.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Home Depot Inc have traded between a low of $172.00 and a high of $239.31 and are now at $227.42, which is 32% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.2%.

Keywords: rebounders home depot inc

Ticker(s): HD