Home Depot may rise to 382.00 - 391.00

Our pivot point is at 335.

Our preference

As long as 335 is support look for 382.

Alternative scenario

Below 335, expect 321 and 312.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (357.8425) but above its 50 day moving average (345.5726).

Supports and resistances

400 **

391 *

382 **

373

355.43 (USD-last)

341

335 **

321 *

312 **

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