Home Depot (HD) Offering Possible 19.9% Return Over the Next 7 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 $195.00 short put and a strike $190.00 long put offers a potential 19.9% 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 $195.00 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $4.17 would be incurred if the stock dropped below the $190.00 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 74.67 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


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The bulls have had their fun, pushing the major averages relentlessly higher over the month to date, fueled by a "new" agreement on border security with Mexico (which removed the threat of fresh tariffs) as well as a sudden dovish turn by the Federal Reserve (keeping cheap money hopes alive).But for the second day running, the bears are pulling stocks back from their intra-day high — a sign that higher prices are bringing supply in instead of encouraging more buying. A pullback seems likely now just as the Dow Jones Industrial Average crossed back up and over its 50-day moving average. A bit of a shame, that. * 7 Dark Horse Stocks Winning the Race in 2019 Already, several key Dow components are rolling over and going limp. Here are four stocks to sell now:InvestorPlace – Stock Market News, Stock Advice & Trading Tips Boeing (BA) Click to EnlargeThere remains no end to Boeing's (NYSE:BA) malaise, with the 737 MAX fleet still grounded, questions growing about the pace of the 737 production line in light of this, and the ongoing threat of fallout from the U.S.-China trade spat. Shares of this stock to sell have bonked on overhead resistance from the 200-day moving average, setting up a retest of critical support near the $340-a-share level.The company will next report results on July 24 before the bell. Analysts are looking for earnings of $1.89 per share on revenues of $19.9 billion. When the company last reported on April 24, earnings of $3.16 missed estimates by three cents on a 2% decline in revenues. Disney (DIS) Click to EnlargeDespite the heralded opening of Disney's (NYSE:DIS) Galaxy's Edge at the Disneyland theme park this month, and an upcoming Star Wars movie, Disney shares are rolling over after hitting resistance from their late April highs. Watch for a move to fill the gapped jump seen in April, setting up a test of the 200-day moving average near $117 — which would be worth a decline of nearly 15% from here. * 4 Technology Stocks Blasting Higher The company will next report results on August 6 after the close. Analysts are looking for earnings of $1.78 per share on revenues of $21.5 billion. When the company last reported on May 8, earnings of $1.61 beat estimates by four cents on a 2.6% rise in revenues. Home Depot (HD) Click to EnlargeNext on our list of stocks to sell, shares of Home Depot (NYSE:HD) have formed a "bearish engulfing" candlestick pattern today, rising to a new rally high above the $200-a-share level and to trade below the prior day's range. This is an extremely negative sign, and sets the stage at the very least for a test of the 200-day moving average.The company will next report results on August 20 before the bell. Analysts are looking for earnings of $3.09 per share on revenues of $31 billion. When the company last reported on May 21, earnings of $2.27 beat estimates by eight cents on a 5.7% rise in revenues. United Technologies (UTX) Click to EnlargeLast on our list of stocks to sell, United Technologies (NYSE:UTX), which has ties to the aviation sector as well as manufacturing activity, has sliced like a hot knife through butter through its 200-day moving average. This returns shares to levels not seen since early March and puts an end to a five month head-and-shoulders reversal pattern that traces a price target near $109 — which would be worth a decline of 11% from here. * 7 Stocks to Buy As They Hit 52-Week Lows The company will next report results on July 23 before the bell. Analysts are looking for earnings of $2.04 per share on revenues of $19.4 billion. When the company last reported on April 23, earnings of $1.91 beat estimates by 19 cents on a 20.5% rise in revenues.As of this writing, the author held no positions in the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Dark Horse Stocks Winning the Race in 2019 * 6 Chinese Stocks to Sell That Are Suffering From a Digital Ad Slowdown * 4 Technology Stocks Blasting Higher Compare Brokers The post 4 Dow Jones Industrial Average Stocks to Sell Now  appeared first on InvestorPlace.

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