Home Depot may rise to 363.00 - 370.00

Our pivot point stands at 329.

Our preference

Short term rebound towards 363.

Alternative scenario

Below 329, expect 317 and 311.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 339.551 and 353.9882).

Supports and resistances

377 **

370 *

363 **

356

337.82 (USD-last)

333

329 **

317 *

311 **

Number of asterisks represents the strength of support and resistance levels.