Home Depot's stock (HD) rose 1.39% in the last session after leaning on the upward short-term trend line, lending it positive momentum, and settling thereafter at 407.81, with support from the 50-day SMA, amid the dominance of the main upward trend in the medium term.
Therefore we expect more gains for the stock, targeting the record resistance of 420.00, provided the support of 400.00 holds on.
Expected trend for today: Bullish
Honeywell's stock rose 1.49% in the last session, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, settling thereafter at 209.76.
Therefore we expect the stock to return lower, targeting the first support at 202.47, provided the pivotal resistance of 211.92 holds on.
Expected trend for today: Bearish
Hewlett-Packard's stock (HPQ) rose 1.85% in the last session, amid the dominance of the main upward trend in the short term, with support from the 50-day SMA, settling at 36.26, with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the important resistance at 38.45, provided the support of 34.80 holds on.
Expected trend for today: Bullish
IBM's stock declined 0.53% in the last session after the resistance of 124.69 held on, amid the dominance of the downward trend in the medium term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, settling thereafter at 123.11.
Therefore we expect more losses for the stock, targeting the first support at 119.85, provided the resistance of 124.69 holds on.
Expected trend for today: Bearish