• Home Depot Stands Strong Amidst Retail Trends

  • Nov 14 2024
  • Length: 2 mins
  • Podcast

Home Depot Stands Strong Amidst Retail Trends

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  • Summary

  • **Home Depot (HD) Analysis:**

    1. **Current Price and Intraday Trading Range:**
    - As of November 13, 2024, HD stock price is $410.32[5]. The intraday trading range on November 8, 2024, was $402.30 to $406.40[5].

    2. **Pre-market and After-hours Movement:**
    - On November 8, 2024, HD had an after-hours price of $406.30, up $0.40 (+0.10%)[5].

    3. **Trading Volume vs Average:**
    - The trading volume on November 8, 2024, was 3.372M, which is slightly above the average volume seen in recent days[5].

    4. **Recent News or Announcements:**
    - There were no significant news or announcements in the last 24 hours. However, recent articles highlighted Home Depot's positioning for growth amid positive market dynamics and effective expense management[4].

    5. **Major Analyst Updates or Price Target Changes:**
    - Wells Fargo recently gave Home Depot a "Buy" rating[4].

    6. **Options Flow Activity:**
    - No specific options flow activity was reported in the last 24 hours.

    7. **Related Sector News:**
    - Home Depot is not directly affected by semiconductor/AI sector news. However, it is impacted by broader retail and economic trends.

    8. **Key Technical Indicators for Day Trading:**
    - **Beta:** 1.05, indicating moderate volatility[4].
    - **52-week High/Low:** $421.56 (high) and $302.34 (low)[3].
    - **Support/Resistance:** $393.68 (support) and $405.20 (resistance)[4].
    - **Market Sentiment:** Generally positive, with a recent "Buy" rating from Wells Fargo and outperformance over the SPY ETF in the last year[4].

    **Summary:**
    Home Depot (HD) is currently trading at $410.32 with a recent after-hours increase. The stock has seen moderate trading volume and has received a "Buy" rating from Wells Fargo. Key technical indicators suggest moderate volatility and a positive market sentiment. The stock has outperformed the SPY ETF in the last year but underperformed in the most recent two weeks.
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