Home Depot's most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $125.00 short put and a strike $120.00 long put offers a potential 28.21% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $125.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $120.00 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 69.37 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Home Depot
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Mon, 07 Mar 2016 22:33:10 GMT
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Mon, 07 Mar 2016 16:05:31 GMT
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Home Depot Is About to Pull Back
Mon, 07 Mar 2016 12:51:00 GMT
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