Home Depot Shares Cross Above 200 DMA
1. Home Depot shares exceed 200-day moving average of $383.64. 2. Current trading price is $384.58, up 0.4% today. 3. 52-week low at $326.31, high at $439.31.
FAQ
Why Bullish?
Crossing above the 200-day moving average often indicates bullish momentum. Historically, such breakouts can lead to further gains.
How important is it?
The crossing of significant technical barriers usually garners investor interest and can lead to trading volume increases.
Why Short Term?
Technical indicators like the 200-day moving average typically affect stock price movement in the near term. A confirmed breakout may lead to continued upward momentum.