American Stocks Analysis
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 tries to garner momentum - Analysis - 14-01-2021
Economies.com
2021-01-14 09:47AM UTC
Home Depot's stock (HD) fell in the intraday levels after the resistance of 278.40 held on, while gathering momentum to help it rise anew, as it vents off overbought saturation in the RSI with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 292.65, provided the resistance of 278.40 was breached.
Expected trend for today: Bullish
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