Home Depot (HD) Offering Possible 33.33% Return Over the Next 21 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 $200.00 short put and a strike $195.00 long put offers a potential 33.33% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $200.00 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $3.75 would be incurred if the stock dropped below the $195.00 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 67.93 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

Supply chain shifts after U.S.-China tensions, pandemic offer chance for Colombia – ambassador
Thu, 23 Apr 2020 00:22:34 +0000
Colombia and other Latin American countries have a huge opportunity as U.S. companies look to reduce vulnerabilities in their supply chains laid bare by the U.S.-China trade war and the coronavirus pandemic, a senior Colombian official said on Wednesday. Colombia's ambassador to the United States, Francisco Santos, told Reuters he was confident his country could benefit from accelerated moves by big U.S. companies to move some supply chains out of China and bring them closer to home. “It's going to be a fight between China and the U.S. for economic supremacy, and in that new world, you're going to see a big amount of near-shoring, and I think Latin America can be the big winner, and Colombia can play a huge role,” Santos said in an interview.

Home Depot (HD) Gains But Lags Market: What You Should Know
Wed, 22 Apr 2020 21:45:09 +0000
In the latest trading session, Home Depot (HD) closed at $204.09, marking a +1.73% move from the previous day.

Don’t Buy Home Depot Stock, Analyst Says, Because a Sales Slump Will Linger
Wed, 22 Apr 2020 20:57:00 +0000
Gordon Haskett analyst Chuck Grom downgraded Home Depot shares to Hold. He thinks the risk to the stock isn’t fully priced in and it would be challenging for it to go higher.

Good Company: New Arthur Blank book to be published this fall
Wed, 22 Apr 2020 19:18:37 +0000
Arthur Blank answers that question and many more in his upcoming book titled ‘Good Company’. William Morrow and Company of HarperCollins Publishers announced on Wednesday its plans to publish Blank’s book which provides insight into his life as a businessman and philanthropist. The Home Depot Inc. co-founder dives into his personal and professional life in the book with stories on how he built the business using core values to his eventual departure from the Fortune 500 company.

Hedge Funds’ #23 Stock Pick Debunked Naysayers
Wed, 22 Apr 2020 17:34:38 +0000
"I have been following Dr. Inan Dogan since this outbreak, and he is  a phenomenally intelligent researcher. One month ago, Dr. Dogan's prediction that the total U.S. death toll would be 20,000+ by April 15th was deemed "radical". His Recession is Imminent article in February was very timely. Now he believes we could quickly end […]

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