Home Depot may rise to 366.00 - 373.00

Our pivot point is at 328.

Our preference

The upside prevails as long as 328 is support.

Alternative scenario

The downside breakout of 328 would call for 315 and 307.

Comment

The RSI is above its neutrality area at 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 339.2695 and 337.9172).

Supports and resistances

381 **

373 *

366 **

358

341.82 (USD-last)

332

328 **

315 *

307 **

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