Home Depot Inc (HD) Up 0.46%; Eyes 20 Day Average

Home Depot Inc 4 Hour Price Update

Updated June 24, 2020 04:32 PM GMT (12:32 PM EST)

HD’s price is down $-6.77 (-2.7%) over the past four hours of trading. To help put that in perspective, note that Home Depot Inc’s peers in the in the Retail industry are down -3.82% on average during this time, while its counterparts in the broader Consumer Cyclical sector are down by an average of -5.31%.

Home Depot Inc Daily Price Recap

Home Depot Inc came into today up 0.46% ($1.15) from the open of the day prior, marking the 2nd day in a row it has gone up. This move happened on lower volume, as yesterday’s volume was down 18.62% from the day before — and down 40.79% from the same day the week before. Below is a daily price chart of Home Depot Inc.

Home Depot Inc Technical Analysis

Notably, the current price of Home Depot Inc is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. Or to view things another way, note that out of the past 14 days Home Depot Inc’s price has gone up 7 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about HD:

    $SPY Because of how the Market has traded you cant get any real panic moves until the Open. The BTDers have not learned yet so they will keep falling for the PM moves as the HFT play games.
    EU will have a ton of sellers waiting so trying to get the PM flat into the Open would be a something Pros want to try but today maybe hard + Smart Money wants to beat the Pension Fund rebalancing

    Bull or Bear trade smart, dont let WS beat you to the punch

    $AMZN $AAPL $HD $BA

    GoodNewsBull