Home Depot Inc (HD) Approaches New Downside Target of $278.21

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Aug 21, 2020 (SmarTrend(R) News Watch via COMTEX) —
Home Depot Inc (NYSE:HD) has opened bearishly below the pivot of $280.68 today and has reached the first level of support at $279.44. Should the shares continue to fall, the support pivots of $278.21 and $275.74 will be of interest.

In the past 52 weeks, shares of Home Depot Inc have traded between the current low of $0.00 and a high of $290.58 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.52% higher and 1.20% higher over the past week, respectively.

Home Depot Inc (NYSE:HD) has potential upside of 0.0% based on a current price of $0.00 and analysts’ consensus price target of $210.98. The stock should run into initial resistance at its 200-day moving average (MA) of $231.37 and subsequent resistance at its 50-day MA of $260.64.

SmarTrend is tracking the current trend status for Home Depot Inc and will alert subscribers who have HD in their portfolio or watchlist when shares have changed trend direction.

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The MarketWatch News Department was not involved in the creation of this content.

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