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

By Shiri Gupta

Home Depot Inc (NYSE:HD) crossed under its 10-day moving average of $227.66 on a volume of 309K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Home Depot Inc share prices have been bracketed by a low of $179.57 and a high of $247.36 and are now at $217.27, 21% above that low price. The 200-day and 50-day moving averages have moved 0.24% higher and 0.13% higher over the past week, respectively.

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.

Keywords: moving crosses home depot inc

Ticker(s): HD