Home Depot may rise to 370.00 - 377.00

Our pivot point is at 332.

Our preference

The upside prevails as long as 332 is support.

Alternative scenario

Below 332, expect 320 and 313.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 333.561 and 338.246).

Supports and resistances

384 **

377 *

370 **

362

346.84 (USD-last)

337

332 **

320 *

313 **

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