Time for Investors to Take the Plunge on The Home Depot, Inc. (NYSE:HD)

Equity Research firms currently have a positive stance on shares of The Home Depot, Inc. (NYSE:HD). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.90. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $150.55 on a short term basis.

At the time of writing, the stock was trading at $128.11. This represents a change from the opening price of -0.33%. In terms of performance, year to date, the stock is -1.29%. The monthly stock performance comes in at -4.27%. For the quarter, shares are performing at -0.15%. Weekly performance analysis shows the equity at 2.43%.

In taking a look at technical levels, shares are trading -3.34% away from the 50 day simple moving average and -0.76% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -7.36% away from it’s 52- week high and 18.72% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, The Home Depot, Inc.’s RSI stands at 44.13. In looking at volatility levels, the shares saw weekly volatility of 1.32% and 1.37% over the past month.

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