Home Depot, Wal-Mart and Hewlett Packard gains on Tuesday despite Negative Dow Jones

Bearish sentiments were seen in US stock markets in Tuesday as the Dow Jones Industrial Average fell 0.67 percent or 76.97 points to 11,405.93 levels. Standard & Poor’s 500 index declined 0.97 percent or 11.73 points to 1,192.76 points while NASDAQ Composite index dropped 1.24 percent or 31.75 to 2,523.45 points.

Despite negative Dow Jones following stock performed among DJIA components. The Home Depot Inc (NYSE:HD) surged 5.28 percent to close at $33.12 with traded volume of 28.97 million shares for the day. The volume was more than its average traded volume of 13.15 million shares per day. The share price is gradually moving towards its overbought level as per its relative strength index of 50.77. Today the share price is up 0.39 percent to $33.29 with traded volume of 11.32 million shares.

Wal-Mart Stores, Inc (NYSE:WMT) gained 3.88 percent to close at $51.92 with traded volume of 25.59 million shares. On average Wal-Mart is traded with figure 13.05 million shares per day. The share price was 0.85 percent below its 50-days simple moving average after yesterday’s upward movement. Today the share price is down 0.89 percent to $51.46 with traded volume of 9.84 million shares till now.

Hewlett-Packard Company (NYSE:HPQ) advanced 0.56 percent to close at $32.61 in yesterday’s trading session. Its traded volume stood at 18.15 million shares as compared to its average traded volume figure of 21.87 million shares per day. The share price was 6.59 percent below its 50 days simple moving average despite yesterday’s gain. Today the share price has declined 3.93 percent to $33.93 with volume figure of 19.37 million shares till now.

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Rehan Khan

About Rehan Khan

Rehan Khan has been involved in the financial sector for last 6 years. During that time he has been associated with many financial institutions, banks and brokerages. Rehan is also a graduate in finance and has been writing for last 2 years for various web publications, specializing in US stock markets, penny stocks, forex and commodities.

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