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

(29-Apr-2008) (29-Apr-2008) The Home Depot, Inc(HD) closed at 29.36, down -0.37 or -1.24 % today. Based on our analysis, The Home Depot, Inc(HD) has rising momentum with an uptrend.

The closing price of The Home Depot, Inc(HD) is above its 50 day moving average of 27.83 (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 The Home Depot, Inc(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 24-Apr-2008, about 5 trading days ago.