Home Depot’s most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $205.00 short put and a strike $195.00 long put offers a potential 21.07% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $205.00 by expiration. The full premium credit of $1.74 would be kept by the premium seller. The risk of $8.26 would be incurred if the stock dropped below the $195.00 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Home Depot is bearish and the probability of a decline 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 66.62 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 Management Talks Housing Trends, E-Commerce, and More
Wed, 19 Sep 2018 01:05:00 +0000
Despite a slowdown in home sales, the home-improvement titan continues to deliver robust profits. Here's how.
Did The Home Depot Inc (NYSE:HD) Insiders Sell Their Own Shares?
Tue, 18 Sep 2018 19:02:59 +0000
The Home Depot, Inc. operates as a home improvement retailer. Home Depot is one of United States’s large-cap stocks that saw some insider selling over the past three months, withRead More…
Build Yourself a Trade in Home Depot Stock
Tue, 18 Sep 2018 16:47:03 +0000
Home improvement stocks like Home Depot (NYSE:HD) and Lowes (NYSE:LOW) are on the move. This year’s price action has taken on the form of a cup-and-handle pattern that just completed with last week’s breakout.
Analysts Favor ‘Buy’ Ratings on Home Depot Stock
Tue, 18 Sep 2018 13:02:47 +0000
How Much Upside Potential Is Left in Home Depot’s Stock Price? No analysts have given HD “sell” recommendations. On average, analysts have given the stock a price target of $215.47, which represents a return potential of 3.1% from its price of $209.07.
Should You Be Investing in "Hurricane Stocks"?
Tue, 18 Sep 2018 12:52:48 +0000
Recognizing that natural disasters are disasters for people, it's not unreasonable to note that companies like Home Depot and Lowe's can't avoid a sales boost from such events.
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