Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Home Depot's stock slid 2.95% in the last session after the pivotal resistance of 247.00 held on with traders collecting recent profits while the stock gathers momentum and vents off overbought saturation in the RSI, amid the dominance of the upward short-term trend, with support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 261.23, provided the resistance of 247.00 was breached.
Expected trend for today: Bullish