Home Depot (HD) Offering Possible 31.93% Return Over the Next 3 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 $277.50 short put and a strike $272.50 long put offers a potential 31.93% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $277.50 by expiration. The full premium credit of $1.21 would be kept by the premium seller. The risk of $3.79 would be incurred if the stock dropped below the $272.50 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 78.19 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Home Depot

GLOBAL MARKETS-Europe stuck on the ground as China markets jump
Mon, 17 Aug 2020 08:56:04 +0000
Shares crept back toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would be extended and perhaps take some pressure off the dollar. Europe was warming up to the new week slowly but was steady enough to keep MSCI's broadest index of world shares inching closer to February's record top of 581.02. A retightening of COVID-19 measures in Italy was contributing to Europe's groggy start, although Wall Street S&P 500 futures remained a solid 0.3% higher and just below the record close of 3,386.15.

GLOBAL MARKETS-Asia shares push ahead as China markets jump
Mon, 17 Aug 2020 05:19:57 +0000
Asian shares crept back toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend and maybe take some pressure off the beleaguered dollar. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.5% to 565.74, moving nearer to the January top of 574.52. Japan's Nikkei dipped 0.6% after touching a six-month peak on Friday, as the country suffered its biggest economic contraction on record in the second quarter.

GLOBAL MARKETS-Asia shares move ahead led by China gains
Mon, 17 Aug 2020 03:20:54 +0000
Asian shares firmed toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend and maybe take some pressure off the beleaguered dollar. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.5% to 565.74, moving nearer to the January top of 574.52. Japan's Nikkei dipped 0.6% after touching a six-month peak on Friday, as the country suffered its biggest economic contraction on record in the second quarter.

GLOBAL MARKETS-Asia shares pause near highs, eyes on U.S. yields
Mon, 17 Aug 2020 00:28:36 +0000
Asian shares dozed near recent highs in quiet trade on Monday as investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend, and maybe take some pressure off the beleaguered dollar. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.02% lower at 562, but still eyeing the January top of 574.52. Japan's Nikkei dipped 0.4% after touching a six-month peak on Friday, as the country suffered its biggest economic contraction on record in the second quarter.

US STOCKS-Futures point to modest Wall Street gains ahead of big retail earnings week
Sun, 16 Aug 2020 23:49:46 +0000
U.S. stock index futures indicate Wall Street will make moderate gains on Monday as retail earnings queue up and with housing data in the offing. Second-quarter earnings season is mostly over, with major retailers yet to post results. Walmart Inc, Home Depot Inc, Kohls Corp, Lowe's Companies Inc, Target Corp are among the retailers on deck, with industrial Deere & Co set to wrap up the week.

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