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HOME DEPOT INC
(HD-NYSE):
Technical Viewpoint: From a low
of $37.08 on Oct 31, 2001 prices
rallied, reaching a
high of $43.60
on Nov 8, 2001. A
decline saw prices pull back, reaching a
low of
$40.00 on Nov 12, 2001.
Another rally saw prices penetrate
resistance, closing 11/14/01
at $46.23. 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 $40.00. Resistance: Is at $46.50.
Point & Figure: Reversed to the upside on Nov 13, 2001. A P&F upside
reversal takes place at $43.50. Summary: Technical indicators have turned bullish. BUY! HOME DEPOT INC
(HD-NYSE) @ $46.38 Stop: Use a protective stop of $43.63.
HOME DEPOT INC is currently trading @ $46.23 plus $2.23 on Nov 14, 2001. Price Objective:
$63.00. Risk/Reward: $2.75 VS. $16.63. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$63.00
Risk/Reward:
$2.75 VS. $16.63
Risk/Reward Ratio:
6:1
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