Home Depot (HD) Offering Possible 14.94% 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 14.94% 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 $0.65 would be kept by the premium seller. The risk of $4.35 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 68.4 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

Bill Ackman Comments on Lowe's Companies
Wed, 27 Mar 2019 21:47:40 +0000
Lowe's is a high-quality business led by a new, high-caliber management team that has committed to meaningfully narrowing the performance gap with its direct competitor, Home Depot. In May, Lowe's announced that Marvin Ellison, a former senior executive at Home Depot, would become CEO. Since Marvin started in July, he has assembled a new leadership team of seasoned executives, many of whom previously worked with him at Home Depot.

Home Depot (HD) Stock Moves -0.1%: What You Should Know
Wed, 27 Mar 2019 21:45:09 +0000
In the latest trading session, Home Depot (HD) closed at $189.15, marking a -0.1% move from the previous day.

Cramer Talks KB Home Earnings, Implications For Housing Sector
Wed, 27 Mar 2019 20:21:13 +0000
At first glance, February's 8.7-percent drop in housing starts looks “truly pathetic,” but it actually represents a “natural decline,” according to CNBC's Jim Cramer. What Happened …

2 Tailwinds That Could Put a Spring in Home Depot's Step — ICYMI
Wed, 27 Mar 2019 20:15:00 +0000
Jim Cramer said good weather is good for Home Depot, but there's one more reason that could make the stock a buy.

What the Homebuilder Hot Streak Means for Home Depot, Lowe's
Wed, 27 Mar 2019 16:08:00 +0000
The heat emanating from the homebuilding sector could certainly be helpful to investors in home improvement stocks as well. are both rocketing upward on Wednesday after forecasting strong demand for homes to continue into the second half of the year. The run for both stocks builds on over 20% surges in both stocks to kick off 2019. “Mortgage rates go up, people buy fewer homes.

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