Home Depot Inc. – Buy

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Home Depot Inc             . attempted to close the 113-114.75 gap, which arose after the stock rallied in late March. The gap remained intact, and the stock can be expected to move up to 117.50. If this mark is not breached on the first attempt it is advisable to close positions as a phase of distribution in the trading cycle could begin. If the name breaks out of that level, the upside target will be 120.25, with movement equal to the size of the pattern.

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