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Home Depot Inc. ( $HD )- stock is trading over 200 dollars and offering a possible buying price between $218.35 – $229.27. Let’s look at the stocks technical actions using a weekly chart.
2. The stock broke out January after a steep decline. But, it posted solid gains.
3. After a quick consolidation, it broke out again in March and posted another solid run.
4. The stock went into another consolidation and broke out in in June and saw another solid run.
5. The stock appeared to be in a quick consolidation.
6. The stock also retook the key 50 day moving average line quickly, whenever it lost support.
7. The trading volume swelled during the recent breakout.
8. The stock is offering possible buying price between $218.35 – $229.27, with a stop loss at $200.88.
The Home Depot (HD) is part of our Stock Over $100 list, now.
