HD Coils in TTM Squeeze at $349.78, Breakout Imminent
NeutralHome Depot Inc (HD) closed up 0.71% at $349.78 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Mixed signals with price near the 9-day EMA ($349.65). The 21-day EMA sits at $352.68.
Momentum
RSI at 55.3 is in neutral territory but trending higher. MACD is bullish (-3.52 vs signal -3.77).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.