Home Depot, Inc. (The)(HD) has rising momentum with an uptrend

(25-Jan-2008) (25-Jan-2008) Home Depot, Inc. (The)(HD) closed at 28.53, down -1.03 or -3.48 % today. Based on our analysis, Home Depot, Inc. (The)(HD) has rising momentum with an uptrend.

The closing price of Home Depot, Inc. (The)(HD) is above its 50 day moving average of 27.33 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Home Depot, Inc. (The)(HD) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 15-Jan-2008, about 9 trading days ago.