Home Depot, the weak outlook does not reward the stock

Home Depot the weak outlook does not reward the stock

(Finance) – Trades just above par Home Depotwhich increased its pace by recording an increase of 0.35%, in the wake of a weak outlook provided to the market and a 3% drop in sales, the first since 2009.

The movement of American giant of DIY and home productsduring the week, follows the progress of the Dow Jonesmaking the stock strongly influenced by the reference market and less by news relating to the company itself.

Technically, Home Depot it is in a strengthening phase with a resistance area seen at 367.7 USD, while the most immediate support can be glimpsed at 357. At an operational level, a continuation of the bullish session is expected with resistance seen at 378.4.

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