DTT Buzz
Exclusive Market Analysis, Alerts and Commentary from the DaytradeTeam trading staff
Monday, April 07, 2008
The Home Depot, Inc (NYSE:HD) Reversal
After selling off halfway through 2007, The Home Depot, Inc (NYSE:HD) looks to be creating a double bottom reversal. This reversal indicates HD will climb to 35.00 over the coming months if it can break 30 on heavy upside volume. Over the last two weeks HD has made two attempts to break 30; each time creating a higher low. These series of higher lows indicate HD will continue to push to the upside and (in my opinion) should break 30 in the next two weeks.
Happy Trading
Keith Greff Jr
Trade Analyst
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