Home Depot (HD) Offering Possible 13.64% Return Over the Next 16 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 $242.50 short put and a strike $237.50 long put offers a potential 13.64% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $242.50 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $237.50 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 61.93 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

Getting people to trust big business will take much more than simply reopening the economy
Mon, 01 Jun 2020 22:22:00 +0000
With concern about the coronavirus pandemic receding for the moment, investors are focused on reopening the global economy. More than half of people worldwide believe that capitalism does more harm than good. In the United States, fewer than one in five have a “very favorable” view of large enterprises, and only one in four say they trust corporate executives.

Best Dividend Stocks for June 2020
Mon, 01 Jun 2020 16:18:33 +0000
Given strong dividend growth and big money signals, these stocks could be worth a spot in a yield-oriented portfolio.

3 Embarrasingly Cheap Dividend Stocks
Mon, 01 Jun 2020 12:15:00 +0000
Here are three companies in the out-of-favor retail and financial sectors that are solid names whose stocks are trading toward the bottom of their historical valuation ranges. The Home Depot (NYSE: HD) has been one of the essential retailers that have remained open during the COVID-19 crisis. This means more interest in fixer-uppers, which is good news for Home Depot.

These stocks performed best in May as the market rally continued
Mon, 01 Jun 2020 10:42:00 +0000
DEEP DIVE U.S. stocks rose in May, extending a rally that began after the coronavirus-crisis bottom in March. • The Dow Jones Industrial Average (DJIA) recovered from an earlier decline Friday, as President Trump discussed actions against China, to end the day with an 18-point decline.

Dow Jones Slumps as Cisco Acquires a Cloud Company, Home Depot Stock Moves Closer to 52-Week High
Fri, 29 May 2020 17:16:00 +0000
Cisco will reportedly pay $1 billion to expand its software portfolio, and Home Depot continues to rally.

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