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Look for Shares of Home Depot Inc to Potentially Pullback after Yesterday's 1.34% Rise

By David Diaz

Home Depot Inc (NYSE:HD) traded in a range yesterday that spanned from a low of $229.08 to a high of $232.24. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $229.31 on volume of 678,000 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 tracking the current trend status for Home Depot Inc and will alert subscribers who have HD in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Home Depot Inc share prices have been bracketed by a low of $158.09 and a high of $235.49 and are now at $232.00, 47% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.3%.

Keywords: rebounders home depot inc

Ticker(s): HD