Home Depot Inc Daily Price Recap

Home Depot Inc closed the day prior up 0.36% ($0.9); this denotes the 2nd day in a row an upward move has occurred. The change in price came along side change in volume that was down 20.02% from previous day, but up 11.09% from the Wednesday of last week. The daily price chart of Home Depot Inc below illustrates.

Home Depot Inc Technical Analysis

Coming into today Home Depot Inc is now close to its 20 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 18 out of the past 30 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to HD:

Retail sales rose by 17.7% in May, more than twice what economists were expecting but down 6.1% y/y.

Clothiers achieved a stunning 188% Monthly gain, but still remain down 63.4% over the past 12 months.

Furniture store sales surged 89.7% last month, but they're still down more than 21.5% on the year.

Building material & garden eq. & supplies dealers continue to show steady gains up 10.9% monthly & up 16.4% y/y.

Nonstore retailers continue to grow, up 9% monthly & up 30.8% over the past 12 months.

$TJX $HD $W $BBY $WHR

– Ro_Patel

The post Home Depot Inc (HD) Moves Up For the 2nd Day In A Row appeared first on CFDTrading.