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Home Depot Inc (HD) Stock: What Does the Chart Say Friday?

Friday, April 30, 2021 02:40 PM | InvestorsObserver Analysts
Home Depot Inc (HD) Stock: What Does the Chart Say Friday?

The market has been high on Home Depot Inc (HD) stock recently. HD gets a Bullish score from InvestorsObserver's 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.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With HD Stock Today?

Home Depot Inc (HD) stock is trading at $323.62 as of 2:38 PM on Friday, Apr 30, a decline of -$1.72, or -0.53% from the previous closing price of $325.34. The stock has traded between $321.61 and $325.83 so far today. Volume today is below average. So far 1,566,787 shares have traded compared to average volume of 4,598,754 shares.

To see the top 5 stocks in the Home Improvement Retail industry click here.

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 is set to expand with the acquisition of HD Supply. The tie-up with Company Store also brought textile exposure to Home Depot's lineup.

Click Here to get the full Stock Score Report on Home Depot Inc (HD) Stock.

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