Stock Of The Day: Home Depot Agrees To Settlement, While Overbought Signals Warn Of Potential Sell-Off

Home Depot Inc. HD has agreed to a nearly $2 million settlement to address allegations from California prosecutors that the company overcharged customers at checkout due to price discrepancies.Meanwhile, overbought stocks nearing resistance levels often experience reversals, and Home Depot’s stock is currently showing these signs. With its share price approaching a key resistance point, it stands out as our Stock of the Day.Most of the time, a stock stays within its usual or typical trading range. But somet ...