Home Depot's most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $220.00 short put and a strike $215.00 long put offers a potential 14.68% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $220.00 by expiration. The full premium credit of $0.64 would be kept by the premium seller. The risk of $4.36 would be incurred if the stock dropped below the $215.00 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 71.68 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Home Depot
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Wed, 06 May 2020 21:00:33 +0000
Image source: The Motley Fool. CAESARSTONE LTD (NASDAQ: CSTE)Q1 2020 Earnings CallMay 6, 2020, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGreetings.
Why Home Depot Stock Gained 17.7% in April
Wed, 06 May 2020 01:14:46 +0000
What happened Shares of Home Depot (NYSE: HD) were up 17.7% in April, while the S&P 500 gained over 12%, according to data provided by S&P Global Market Intelligence. Staying open during a time when many businesses were forced to shut down because of the COVID-19 pandemic gave it a crucial source of revenue.
US Indexes Close Higher Tuesday
Tue, 05 May 2020 21:54:29 +0000
Nasdaq up 1.13% Continue reading…
Home Depot (HD) Outpaces Stock Market Gains: What You Should Know
Tue, 05 May 2020 21:45:09 +0000
Home Depot (HD) closed the most recent trading day at $225.61, moving +1.7% from the previous trading session.
Chevron, Nike share gains lead Dow's nearly 300-point rally
Tue, 05 May 2020 19:18:00 +0000
DOW UPDATE Shares of Chevron and Nike are seeing strong returns Tuesday afternoon, leading the Dow Jones Industrial Average rally. Shares of Chevron (CVX) and Nike (NKE) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 298 points higher (1.
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