Killy_Mel

DOW JONES OVERVIEW: HD HOLDS MACRO UPTREND

NYSE:HD   HOME DEPOT INC
On long term basis, Home depot holds uptrend - price is trading above 1st standard deviations from 5- and 10-year means.

On short term basis, price is trading laterally - it is trading within 1st standard deviations from both 1-year and quarterly moving averages.

Moreover, current short term lateral range is outlined by the 1st standard deviations from quarterly mean (111-118)

Thus investors willing to take positions with the macro trend should look for pullbacks to the lower border of the short term lateral range
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