HOME DEPOT (HD) BREAKS THROUGH RESISTANCE AT $38.00
SmarTrend has detected shares of Home Depot (NYSE:HD) have bullishly opened above the pivot of $37.79 today and have reached the first resistance level of $38.00.
We are watching for a cross of the next upside pivot targets of $38.24 and $38.69. Also, the shares are currently trading above the 50-day moving average of $37.27 and above the 200-day moving average of $33.00.
In the last five trading sessions, the 50-day MA has climbed 0.19% while the 200-day MA has risen 0.47%.
In the past 52 weeks, shares of Home Depot have traded between a low of $26.62 and a high of $39.38 and are now at $38.10, which is 43% above that low price.
SmarTrend currently has shares of Home Depot in an Uptrend and issued the Uptrend alert on March 25, 2011 at $37.58. The stock has risen 0.5% since the Uptrend alert was issued.
http://www.zacks.com/research/get_news.php?id=110l7466