Home Depot (HD) Offering Possible 17.23% Return Over the Next 30 Calendar Days

Home Depot's most recent trend suggests a bearish bias. One trading opportunity on Home Depot is a Bear Call Spread using a strike $200.00 short call and a strike $210.00 long call offers a potential 17.23% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $200.00 by expiration. The full premium credit of $1.47 would be kept by the premium seller. The risk of $8.53 would be incurred if the stock rose above the $210.00 long call 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 down which suggests that the medium-term momentum for Home Depot is bearish.

The RSI indicator is at 21.68 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

Home Depot, Kohl's, Nike, General Motors and Huawei – 5 Things You Must Know
Tue, 21 May 2019 09:40:00 +0000
U.S. stock futures rose on Tuesday and global stocks snapped back following a move by the Commerce Department to ease restrictions on the ability of China's Huawei Technologies to do business with U.S. companies, soothing concerns of an all-out tech war between Washington and Beijing. Commerce Secretary Wilbur Ross said Huawei will be able to access U.S. technology and purchase equipment from American companies for up to 90 days in order to maintain existing network and update handsets. Contracts tied to the Dow Jones Industrial Average rose 42 points, futures for the S&P 500 were up 6.85 points, and Nasdaq futures gained 31.50 points.

Home Depot Reports Earnings Today. Here’s What to Expect.
Tue, 21 May 2019 09:00:00 +0000
Home Depot has a long history of beating consensus estimates, and its bottom-line results have come in ahead of expectations every quarter since late 2014.

Q1 Earnings Preview: Lowe's (LOW), Best Buy (BBY) & Ross Stores (ROST)
Mon, 20 May 2019 22:47:10 +0000
Let's see what to expect from Lowe's (LOW), Best Buy (BBY) & Ross Stores' (ROST) quarterly earnings results amid an extremely busy week for the retail industry.

Here's Why I'm Drawn Toward Specialty Retail Stocks Like Lowe's
Mon, 20 May 2019 18:26:00 +0000
The gaps also encourage the uses of options to define risk with my preference between stock replacement moves like in-the-money calls rather than buying stock or out-of-the-money calls. It's challenging to find “tariff proof” or “Trade War proof” stocks in the market currently. The weekly setup on Lowe's may garner intrigue.

This retailer could break down on earnings this week
Mon, 20 May 2019 18:24:34 +0000
One top technician says Home Depot could be in for a big move to the downside when the company reports earnings before the bell on Tuesday.

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