HOME DEPOT INC
(HD-NYSE):
Technical Viewpoint: From a low
of $44 1/8 on May 24, 2000 prices
rallied, reaching a
high of $54.00
on Jun 2, 2000. A
decline saw prices pull back, reaching a
low of
$45.00 on Jun 12, 2000.
Another rally saw prices penetrate
resistance, closing 7/7/00
at $55 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 7, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $50.00. Resistance: Is at $56 7/8.
Point & Figure: Reversed to the upside on Jul 6, 2000. A P&F upside
reversal takes place at $51 1/4. Summary: Technical indicators have turned bullish. BUY! HOME DEPOT INC
(HD-NYSE) @ $56 1/8 Stop: Use a protective stop of $53 5/8.
HOME DEPOT INC is currently trading @ $55 1/2 plus $4 1/4 on Jul 7, 2000. Price Objective:
$75.00. Risk/Reward: $2 1/2 VS. $18 7/8. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$75.00
Risk/Reward:
$2 1/2 VS. $18 7/8
Risk/Reward Ratio:
7:1
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