Home Depot: Don't Buy The Recent Dip (Technical Analysis)
HDHome Depot(HD) Seeking Alpha·2024-04-30 20:01

KenWiedemann HD stock has not found bottom yet Stock prices of Home Depot, Inc. (NYSE:HD) have suffered large corrections recently, falling from a peak of ~395tothecurrentlevelof395 to the current level of 335. As such, potential investors may feel tempted to do some bottom fishing here. However, I would not recommend such attempts under current conditions. I see both technical and fundamental signs that indicate its stock prices have not found a bottom yet. Seeking Alpha Let me start with the technical signs. The chart below ...