HOME DEPOT INC
(HD-NYSE):
Technical Viewpoint: From a low
of $42.65 on Nov 28, 2001 prices
rallied, reaching a
high of $50.40
on Dec 5, 2001. A
decline saw prices pull back, reaching a
low of
$47.15 on Dec 13, 2001.
Another rally saw prices penetrate
resistance, closing 12/14/01
at $49.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 7, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $47.50. Resistance: Is at $50.40.
Point & Figure: Reversed to the upside on Nov 7, 2001. A P&F upside
reversal takes place at $48.50. Summary: Technical indicators have turned bullish. BUY! HOME DEPOT INC
(HD-NYSE) @ $50.13 Stop: Use a protective stop of $47.63.
HOME DEPOT INC is currently trading @ $49.81 plus $1.81 on Dec 14, 2001. Price Objective:
$63.75. Risk/Reward: $2.50 VS. $13.63. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$63.75
Risk/Reward:
$2.50 VS. $13.63
Risk/Reward Ratio:
5:1
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