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Do Traders Think Home Depot Inc (HD) Can Keep Climbing Monday?

Monday, September 13, 2021 01:32 PM | InvestorsObserver Analysts
Do Traders Think Home Depot Inc (HD) Can Keep Climbing Monday?

Overall market sentiment has been high on Home Depot Inc (HD) stock lately. HD receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Home Depot Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HD!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With HD Stock Today?

Home Depot Inc (HD) stock is trading at $334.89 as of 1:28 PM on Monday, Sep 13, a rise of $2.94, or 0.89% from the previous closing price of $331.95. The stock has traded between $332.75 and $337.15 so far today. Volume today is less active than usual. So far 1,722,396 shares have traded compared to average volume of 3,000,347 shares.

More About Home Depot Inc

Home Depot is the world's largest home improvement specialty retailer, operating nearly 2,300 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the United States, Canada, and Mexico. Its stores offer numerous building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of distributor Interline Brands in 2015 allowed Home Depot to enter the maintenance, repair, and operations business, which has been expanded through the tie-up with HD Supply. The addition of the Company Store brought textile exposure to Home Depot's lineup. Click Here to get the full Stock Report for Home Depot Inc stock.

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