Home Depot (HD) Offering Possible 12.36% Return Over the Next 20 Calendar Days

Home Depot's most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $185.00 short put and a strike $180.00 long put offers a potential 12.36% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $185.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock dropped below the $180.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Home Depot is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Home Depot is bullish.

The RSI indicator is at 77.87 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Home Depot

Report: Home Depot, Amazon may go head-to-head over shipping giant
Thu, 28 Dec 2017 19:30:11 +0000
Atlanta-based The Home Depot Inc. (HD) and Amazon.com Inc. (AMZN) may make competing bids for XPO, according to TheStreet.com . “Amazon could make a competing bid for XPO as it looks to maintain its stranglehold over last-mile delivery, or the process of getting a package from a distribution center to the consumer's door,” writes TheStreet. Recode previously reported that Home Depot has discussed internally the possibility of buying the $9 billion publicly traded company, in part to keep it out of Amazon's hands.

Amazon's next big move into furniture and appliances
Thu, 28 Dec 2017 16:28:00 +0000
Jefferies Senior Tech Analyst, Brent Thill and Oppenheimer Retail Analyst, Brian Nagel discuss Amazon moving into the home improvement category of retail and the impact on the markets.

Will Home Depot Do a Stock Split in 2018?
Thu, 28 Dec 2017 15:43:00 +0000
After nearly two decades, the high-flying home-improvement retailer hasn't made this key move. Is the wait almost over?

Could Amazon Thwart Home Depot With Competing Bid for Logistics Giant XPO?
Thu, 28 Dec 2017 13:12:00 +0000
Logistics and trucking company XPO could be a good fit for Amazon as it enters new e-commerce categories like furniture and large appliances, according to analysts.

How Home Depot Crushed It in 2017
Wed, 27 Dec 2017 21:13:00 +0000
It was a good year for the home improvement industry, but an even better one for the market leader.

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