Home Depot (HD) Offering Possible 25.94% Return Over the Next 8 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 $270.00 short call and a strike $275.00 long call offers a potential 25.94% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $270.00 by expiration. The full premium credit of $1.03 would be kept by the premium seller. The risk of $3.97 would be incurred if the stock rose above the $275.00 long call 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 down which suggests that the medium-term momentum for Home Depot is bearish.

The RSI indicator is at 50.94 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 (HD) Outpaces Stock Market Gains: What You Should Know
Tue, 05 Jan 2021 22:50:10 +0000
In the latest trading session, Home Depot (HD) closed at $266.05, marking a +0.81% move from the previous day.

2 Safe Dividend Stocks to Buy in 2021
Mon, 04 Jan 2021 13:20:00 +0000
For investors looking to ride out whatever the stock market throws at them in 2021, safe dividend stocks may be the answer. Two dividend stocks that come to mind are Home Depot (NYSE: HD) and Cisco Systems (NASDAQ: CSCO). Both stocks pay dividends that easily beat the S&P 500, and both stocks trade for reasonable valuations.

Hot Housing Markets, Trends And Stocks For 2021 — Plus The Risks
Mon, 04 Jan 2021 13:00:44 +0000
As dreary as 2020 has turned out to be, the housing market was a bright spot. And industry experts say the good news will last into 2021.

Barron's First Picks And Pans Of 2021: Disney, Home Depot, Intel, Nike, Nordstrom And More
Sat, 02 Jan 2021 21:23:47 +0000
* This weekend's Barron's cover story offers 12 alternatives to bonds for income investors. * Other featured articles examine values stocks worth a look, parallels between internet and transportations stocks, and how to play a consumer discretionary rebound. * Also, the prospects for a luxury retailer, a struggling semiconductor giant, a media colossus and more.Cover story “Bonds Offer Slim Pickings for Yield-Hungry Investors. 12 Places to Look Instead” by Andrew Bary indicates that while the bond market has been a barren field for income, there are rich pickings elsewhere. See why energy pipeline companies like Enterprise Products Partners L.P. (NYSE: EPD) and dividend stocks like Verizon Communications Inc. (NYSE: VZ) top the Barron's list of the best yield plays for 2021.Nicholas Jasinski's “These 7 Value Stocks Deserve a Fresh Look” suggests that investors and strategists are betting that 2021 finally will be the year when value stocks outperform growth. But finding the right value stocks for 2021 is not easy. Barron's thinks Bank of America Corp (NYSE: BAC) and Coca-Cola Co (NYSE: KO) are among those that could outperform.In “How the Railroad Tracks Led to the Internet Age,” Kenneth G. Pringle says that early railroads were the internet of their day, connecting people and commerce and ushering in cultural change. See what Barron's believes the likes of CSX Corporation (NYSE: CSX) and Facebook, Inc. (NASDAQ: FB) have in common.Nordstrom, Inc. (NYSE: JWN) has invested in online business, cut costs and even tried out smaller stores. That should lift the shares as the economy recovers. So says “Why Nordstrom Looks Like a Department Store Survivor” by Teresa Rivas. How much room to run does the stock have?In Jack Hough's “It's Best to Think Small When Playing a Rebound in Consumer Spending,” the case is made that 70% of people in developed markets will be vaccinated by fall and that U.S. corporate profits this year will hit new records. Is Costco Wholesale Corporation (NASDAQ: COST) a way to play the consumer discretionary rebound? Is Mcdonald's Corp (NYSE: MCD)?”An Activist Scolds Intel, Giving Its Investors Hope for 2021″ by Max A. Cherney points out that Intel Corporation (NASDAQ: INTC) shares fell handily in 2020, despite increased demand for computing power. Find out how activist investor Dan Loeb could force the semiconductor maker to shake things up in the coming year.See also: Benzinga's Final Bulls And Bears Of The Year: Alibaba, Apple, Intel, Tesla And MoreThe pandemic has been a boon for big-box home improvement store operator Home Depot Inc (NYSE: HD) as consumers poured money into their homes. This according to Teresa Rivas's “Why Home Depot Could Be a 2021 Success Story.” See why Barron's believes the stock could continue to flourish this year as well.In “Nike Has Soared During Covid. So Have Investors' Expectations For 2021,” Teresa Rivas claims that Nike Inc (NYSE: NKE) rebounded fast from the initial strain of the COVID-19 pandemic, but the stock's stellar financial performance sets the bar high for the coming year. Can the footwear purveyor prevail again?Nicholas Jasinski's “Disney Ended the Year on a High Note. Why 2021 Could Be Even More Exciting” discusses how the rapid growth and future potential of the Walt Disney Co (NYSE: DIS) streaming services have far outshined the challenges facing the rest of the company's businesses. What comes next for the Mouse House?Also in this week's Barron's: * Barron's turns 100 year old * Whether the bubble is what investors think it is * How high home prices will rise in 2021 * Whether active, ESG and thematic ETFs will continue to be big winners * What sluggish U.S. population growth means for the economy * The state of holiday retail * Whether credit spreads will get tighter this year * Whether streaming live theater is here to stay * How seniors can stay fit during the pandemic * Which homebuilders will gain the most this year * Barron's most-read articles in 2020At the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.Source image: Unsplash.comSee more from Benzinga * Click here for options trades from Benzinga * Notable Insider Buys Of The Past Week: Danimer Scientific, Cheniere Energy Partners And More * Benzinga's Final Bulls And Bears Of The Year: Alibaba, Apple, Intel, Tesla And More(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Home Depot (HD) Stock Sinks As Market Gains: What You Should Know
Wed, 30 Dec 2020 22:50:10 +0000
Home Depot (HD) closed the most recent trading day at $265.26, moving -0.35% from the previous trading session.

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