Check Out What Whales Are Doing With Home Depot
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Home Depot (NYSE: HD), with 52% of detected trades showing bullish expectations and 47% bearish. Whales have been targeting a price range of $210 to $320 for Home Depot over the last 3 months. The stock is currently up 2.06% at $296.65, with RSI indicators suggesting it may be approaching overbought.
May 23, 2023 | 3:31 pm
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Whale investor shows bullish sentiment on Home Depot (NYSE: HD), with a targeted price range of $210 to $320. The stock is up 2.06% at $296.65, potentially approaching overbought.
The bullish stance taken by the whale investor, along with the targeted price range, indicates a positive outlook for Home Depot's stock. The stock's current price increase and potential overbought status suggest that it may continue to rise in the short term. However, the mix of bullish and bearish trades detected adds some uncertainty to the analysis.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100