Home Depot (HD) Offering Possible 21.36% Return Over the Next 23 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 $227.50 short put and a strike $222.50 long put offers a potential 21.36% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $227.50 by expiration. The full premium credit of $0.88 would be kept by the premium seller. The risk of $4.12 would be incurred if the stock dropped below the $222.50 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 73.5 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

IBD Stock Of The Day Offers Broad Exposure To Booming Builders, Home Depot
Mon, 27 Jan 2020 21:21:33 +0000
IBD Stock Of The Day: The iShares U.S. Home Construction ETF offers broad exposure to booming homebuilders like D.R. Horton and Lennar, along with Home Depot. Here's how to play the ITB ETF.

Should You Invest in the Fidelity MSCI Consumer Discretionary Index ETF (FDIS)?
Mon, 27 Jan 2020 11:54:11 +0000
Sector ETF report for FDIS

Home Depot (HD) Stock Moves -0.71%: What You Should Know
Fri, 24 Jan 2020 22:45:10 +0000
Home Depot (HD) closed the most recent trading day at $232, moving -0.71% from the previous trading session.

Atlanta golf retailer expanding, eyes vacant Toys ‘R’ Us, Bed Bath and Beyond stores
Fri, 24 Jan 2020 09:40:00 +0000
Atlanta-based golf retail leader has already moved into nine former Toys 'R' Us properties since the iconic toy chain closed its doors in 2018.

Atlanta United partners with nonprofit to train the MLS' first service dog, Spike
Thu, 23 Jan 2020 18:06:04 +0000
Atlanta United is giving its fans a new face to cheer for, partnering to raise a service dog named Spike.

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