Home Depot (HD) Price Near $276.43; Moves Down For the 2nd Straight Day

Home Depot Inc Daily Price Recap

Home Depot Inc is down 1.81% ($4.97) since the day prior, marking the 2nd straight day it has gone down. The price move occurred on volume that was down 2.25% from the day prior, but up 31.5% from the same day the week before. Here is a daily price chart of Home Depot Inc.

HD

Home Depot Inc Technical Analysis

Coming into today Home Depot Inc is now close to its 50 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 another vantage point, consider that Home Depot Inc’s price has gone down 6 of the previous 10 trading days.

Overheard Around the Web

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

    $LOW $hd As far I can tell everything is working in their favor. People doing home improvements (additions decks, patio improvements) like crazy. Appliances are getting replaced because all laundry and dishes are done at home. People moving like never been seen before (repairs to sell the home… remodeling to move in). Micro apartments in the city (with no maintenance needs) are out and homes with acreage (plenty of maintenance) are in. Home building is soaring. Online sales grew 135% last quarter and now foot traffic is up 35% this quarter. Everything is working.

    DeFi_Wookie