Home Depot steadies at record highs - Analysis - 28-07-2020

Home Depot's stock rose 0.80% in the last session amid the dominance of the main upward trend in the medium and short terms, with support from the 50-day SMA, countered by negative signals from the RSI as the stock tries to vent off overbought saturation. 

Therefore we expect more gains for the stock, targeting the first resistance at 275.72, as long as it holds above 259.39. 

Expected trend for today: Bullish