Home Depot Inc (HD) Moves Down For the 2nd Day In A Row; Crosses 20 Day Moving Average

Home Depot Inc 4 Hour Price Update

Updated June 22, 2020 04:38 PM GMT (12:38 PM EST)

The price of HD jumped $1.84 (0.75%) over the past four hours. For context, Home Depot Inc’s peers in the in the Retail industry are up 0.74% on average in this time, while its peers in the broader Consumer Cyclical sector are down by an average of -1.14%.

Home Depot Inc Daily Price Recap

Home Depot Inc closed yesterday down 1.03% ($2.56); this denotes the 2nd day in a row a decline has happened. As for how volume fared, yesterday’s volume was up 232.31% from the previous day (Saturday), and up 213.02% from Sunday of the week before. The daily price chart of Home Depot Inc below illustrates.

Home Depot Inc Technical Analysis

First things first: Home Depot Inc crossed below its 20 day moving average yesterday. 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 7 of the previous 14 trading days.

Overheard Around the Web

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

    $AMD
    AMD $HD $NFLX $DIS $C
    Stock Leaders last week
    Today is Sunday
    Good day to plan for next week
    In this market, can you plan anything?
    Gotta try
    Click below, sign in, and set up your bubbleboard with the stocks you follow.
    Then when the market is open, you can see your watchlist in green or red bubbles.
    The size of the bubble reflects the percentage change from the previous close.
    Hover over the bubble and there is the price change.
    Click on the bubble and a chart appears.
    https://thebubbleboard.com/?utm_medium=usr-shared&utm_campaign=lb&name=LEADERS%202&tickers=AMD,C,DIS,DOCU,HD,NFLX,NXPI,ROKU,TYL,ZM

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