Home Depot Inc (NYSE:HD) has seen a sharp decline lately, falling from a 52 week high of $139.00 to a low today near $131.00. While the chart looks ugly, investors looking for a swing trade buy opportunity may be in luck. The stock is nearing two major support levels that coincide at the same price. The buy price level is $130.70 and the two factors are the daily 200 moving average and a trend line conneting the recent lows going back to January 2016. This presents itself as an extremely good buying opportunity for investors.

By Pro-Trader