SIA Stock Bulletin: HOME DEPOT INC (HD) NYSE (11-07-2012)

The SIA Daily Stock Report utilizes a proven strategy of uncovering outperforming and underperforming stocks from our marquee equity reports; ttie S&P/TSX 60, S&P/TSX Completion and S&P/TSX Small cap We overlay these powerful reports with our extensive knowledge of point and figure and candlestick chart signals, along with other western-style technical indicators to identity stocks as they breakout or breakdown. In doing so we provide our Elite-Pro Subscribers with truly independent coverage of the Canadian stock market with specific buy and sell trigger points.

SIA Stock Bulletin: HOME DEPOT INC (HD) NYSENovember 7, 2012
Green – Favoured Zone
Yellow – Neutral Zone
Red – Out of Favour Zone

Home Depot (HD) has just recently moved into the Favored Zone of the SIA S&P 100 Report, in 23rd spot. Having just broken through resistance, the next potential target is at $43.74, the high from 2002. To the downside, support is at $35.18 and again at $32.50.

Home Depot (HD) has had a 65% move since entering the Favored zone of the SIA S&P 100 Report about a year ago on November 11 (2011, and is now in the #1 position. It also holds the top ranking in the SIA Dow Jones Select Dividend Report. Resistance still remains at $68.98 with further resistance above at $79.24. Support can be found above $5772 and below that at $51.25. (more)