Thursday, December 07, 2006

HD Analysis for 12.07.2006

Price above 34ema current, but 89sma is overhead resistance. .618 fib tgt hit right here.

Current short term support is at the $38.50ish level.

Gap down open. Early buyers were met with sellers, with stock closing at the lows for the day. Profit taking at the .618 fib level. Look for possible follow through tomorrow (Friday) with the all important Job Report coming out.

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