Home Depot (HD) Offering Possible 26.26% Return Over the Next 6 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 $210.00 short put and a strike $205.00 long put offers a potential 26.26% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $210.00 by expiration. The full premium credit of $1.04 would be kept by the premium seller. The risk of $3.96 would be incurred if the stock dropped below the $205.00 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 56.39 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

WATCH for Scale: Cramer's 'Mad Money' Recap (Thursday 7/11/19)
Thu, 11 Jul 2019 20:09:00 +0000
Jim Cramer highlights companies that can grow so big they make their own destinies: Walmart, Amazon, Target, Costco and Home Depot.

The Dow components that drove the blue-chip stock index to a 27,000 milestone
Thu, 11 Jul 2019 20:05:00 +0000
Which company deserves the most credit for the Dow Jones Industrial Average’s run to a milestone at 27,000 since last posting a finish at or above a round-number milestone at 26,000 back on Jan. 17?

How to Invest in Housing Stocks
Thu, 11 Jul 2019 17:04:00 +0000
There are several ways to get investment exposure to housing without actually buying property.

Home Depot CEO's Trump Donations Sparks Customer Boycott, Outrage from the President
Thu, 11 Jul 2019 16:01:11 +0000
Home Depot has long been known as the place to go if you need to fix something around the house. Now it has its own problem to fix. The company’s co-founder Bernie Marcus recently said in an interview that after donating $7 million to help elect Donald Trump in 2016, he plans to donate again to his 2020 re-election campaign. Social media (or at least a chunk of it) was not thrilled, and thus BoycottHomeDepot started trending on Twitter, with plenty of former customers pledging to stop shopping there. Home Alone Home Depot pointed out that Marcus retired from the company in 2002, and made the donation as a private citizen, not as a representative of the company, which does not endorse political candidates. As you can expect, Trump weighed in on this, calling the customer boycott “vicious and totally crazed.” The Bern Marcus also made it clear he is no fan of a higher profile Bernie. In response to this and several other criticisms Senator Sanders has received of late, the Presidential candidate just unleashed his list of anti-endorsements, a collection of CEOs that have spoken out against him, saying “In the words of President Franklin Delano Roosevelt: 'They are unanimous in their hate for me–and I welcome their hatred.'" Having A Say While Marcus didn’t make the donation as a current CEO, that is a distinction that the general public might not make, or even care about. It also overlaps with a sustained interest shareholders have in knowing what the companies they invest in are spending their money on, or who they might be donating to. If you don't like who they are donating to, remember you have a say. -Michael Tedder Photo: Mario Anzuoni / REUTERS

Making the Case for Home Depot and Lowe’s Stock
Thu, 11 Jul 2019 14:54:00 +0000
Goldman Sachs expects the home-improvement retailers to benefit from lower mortgage rates and a strong consumer in the year ahead.

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