Home Depot's Stock Charts Improve -- But Don't Put on an Addition Yet

Home Depot, Inc. (HD) reported earnings Tuesday and dragged the Dow Industrials lower as it slumped more than $3 a share. Now that we have had a good night's sleep let's take a fresh look at the charts and indicators.

We last reviewed the charts of HD back in early February, noting that "the charts above indicate that HD might have further to fall from its $181.22 close. They anticipate a retest of the stock's recent $175 low, while a deeper loss to around $165 is possible if the ongoing market rout lasts another week."...304 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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