Tuesday, August 29, 2017 11:57:34 AM
Home Depot Inc (NYSE:HD) was one of the market leading stocks until May 16th when it peaked at $160.86 a share. Since that high pivot the stock has been making a series of lower highs on the daily chart. When a stock forms this type of pattern it will usually indicate lower prices ahead before a significant bottom is formed in the equity. At this time, HD stock price is trading below the important 50-day moving average which signals weakness in the near term. Traders should note that the next major support area on the chart for HD stock is around the $139.00 level. This is a level where the stock broke out in February 2017. Often, former break-out levels will serve as major support when retested.
Nicholas Santiago
InTheMoneyStocks
Recent HD News
- The Home Depot Foundation commits $3 million to hurricane relief efforts • PR Newswire (US) • 10/11/2024 12:00:00 PM
- The Home Depot Announces 2024 Innovation Awards Winners • PR Newswire (US) • 10/09/2024 12:00:00 PM
- Google Could Face Forced Spinoff; Rio Tinto Buys Arcadium for $6.7B; Boeing Suspends Union Talks • IH Market News • 10/09/2024 10:15:35 AM
- Orange Apron Media Announces New Comprehensive Self-Service Ad Platform - Orange Access • PR Newswire (US) • 10/03/2024 02:00:00 PM
- The Home Depot Foundation commits up to $2 million for Hurricane Helene relief • PR Newswire (US) • 09/30/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/25/2024 08:29:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/25/2024 08:28:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/25/2024 08:27:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/25/2024 08:26:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/25/2024 08:25:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/25/2024 08:23:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/25/2024 08:22:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/25/2024 08:20:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/25/2024 08:19:32 PM
- Behr Paint Company Introduces Women in Paint – A Program to Support and Empower Women in the Painting Trades • GlobeNewswire Inc. • 09/18/2024 01:00:00 PM
- Pentaleap Partners with the World's Largest Home Improvement Retailer to Enhance Retail Media Solutions • PR Newswire (US) • 09/03/2024 03:00:00 PM
- Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 08/27/2024 08:51:01 PM
- The Home Depot to Present at the Goldman Sachs 31st Annual Global Retailing Conference • PR Newswire (US) • 08/21/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 08:11:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 08:21:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 08:18:29 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/19/2024 08:06:11 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/15/2024 08:24:42 PM
- The Home Depot Declares Second Quarter Dividend of $2.25 • PR Newswire (US) • 08/15/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 10:07:00 AM
ZenaTech, Inc. (NASDAQ: ZENA) Launchs IQ Nano Drone for Commercial Indoor Use • HALO • Oct 10, 2024 8:09 AM
CBD Life Sciences Inc. (CBDL) Targets Alibaba as the Next Retail Giant for Wholesale Expansion of Top-Selling CBD Products • CBDL • Oct 10, 2024 8:00 AM
Foremost Lithium Announces Option Agreement with Denison on 10 Uranium Projects Spanning over 330,000 Acres in the Athabasca Basin, Saskatchewan • FAT • Oct 10, 2024 5:51 AM
Element79 Gold Corp. Reports Significant Progress in Community Relations and Development Efforts in Chachas, Peru • ELEM • Oct 9, 2024 10:30 AM
Unitronix Corp Launches Share Buyback Initiative • UTRX • Oct 9, 2024 9:10 AM
BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING • BASA • Oct 9, 2024 7:30 AM