Get a Tape Measure for a Measured Move in Home Depot

For a measured move of price, I use 2 parallel lines drawn on a chart to illustrate the projected targets. While reviewing the Weekly chart of $HD it became apparent to me that it was following a rather nice trend up with just one decent pause along the way since last summer.

Here’s the chart:

Based on this current trend, the Measured Move (MM) has a target of $71.

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