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Technical Analysis #S-HD : 2015-12-14

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Downward correction The November retail sales came out in the US on Friday. The monthly reading was below estimates at 0.2%. Home improvement goods sales contracted by 0.3%. Will the macroeconomic conditions contribute to the downward correction of retailer Home Depot stocks? Lower home improvement goods sales are in line with the trend of contracted new and existing home sales. However, the sales are contracting just for a couple of months after steady growth. Mainly for this reason the Home

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