Home Depot Inc (HD) Heads Up For the 2nd Day In A Row; in an Uptrend Over Past 30 Days

Home Depot Inc Daily Price Recap

Home Depot Inc is up 1.13% ($2.69) since the previous day, marking the 2nd day in a row an increase has occurred. The change in price came along side change in volume that was down 36.35% from previous day, but up 10.09% from the Thursday of last week. Below is a daily price chart of Home Depot Inc.

Home Depot Inc Technical Analysis

Volatility for Home Depot Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 additional context, note that price has gone up 18 out of the past 30 days.

Overheard Around the Web

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

    $W $HOME $MIK $BBBY $HD Home furnishing sector. Low margin Wayfair (W) is an unprofitable heavily indebted cash incinerator and its bankruptcy is a sure thing as evidenced by its financial ratios. Wayfair will follow the recent bankruptcies from J.C. Penney (JCP), Stage Stores (SSI), Pier 1 Imports (PIR), Fred's (FRED), Bon-Ton Stores (BONT), Sears Holdings (SHLD), American Apparel (APP), Aeropostale (ARO), Pacific Sunwear (PSUN), Quicksilver (ZQK) and Coldwater Creek (CWTR). Read the most comprehensive article ever written about Wayfair that also includes a bunch of PROMOTIONAL statements from Wayfair's CEO that prove to be far from reality:https://seekingalpha.com/article/4346747-wayfair-negative-equity-losses-cash-burn-high-leverage-headwinds-and-bankruptcy-possible-in

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