The Home Depot’s stock could exceed the symbolic threshold of USD 52.7.

From a fundamental viewpoint, despite a high valorization, analysts polled by Thomson Reuters are regularly upgraded the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health of the company. Besides analysts polled by Thomson Reuters are regularly upgraded the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health of the company.

The security is in perfect upward trend for several months. A running out of steam is occurred with the contact of the USD 52.7 which is the highest recorded by this share. This movement is supported by the 20-days moving average and may stop any bearish inclinations of The Home Depot’s stock. Exceeding the USD 52.7 will indicate a buy signal for a target price in the area of USD 57.2.

Investors could take a buy position once the prices will close above the resistance. A stop loss will be positioned under USD 50.4.