Home Depot may rise to 367.00 - 375.00

Our pivot point is at 331.

Our preference

The upside prevails as long as 331 is support.

Alternative scenario

The downside breakout of 331 would call for 319 and 312.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 340.8015 and 338.2786).

Supports and resistances

382 **

375 *

367 **

360

344.24 (USD-last)

336

331 **

319 *

312 **

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