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

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

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.

Write to SmarTrend at [email protected]

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

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