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 41.64% return on risk over the next 6 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 $1.47 would be kept by the premium seller. The risk of $3.53 would be incurred if the stock rose above the $275.00 long call 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 43.03 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
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Thu, 07 Jan 2021 12:00:00 +0000
Although the Covid-19 pandemic remains a real danger, many investors are looking past the threat to later this year, when widespread vaccination may usher in a return to normal. Analyst Zachary Fadem took a look at the retail sector on Wednesday, noting that the market is focused on the “battle of bifurcation,” pitting pandemic winners against reopening plays, growth versus value, and e-commerce versus bricks-and-mortar stores.
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Wed, 06 Jan 2021 11:00:00 +0000
Crocs (NASDAQ: CROX), Lowe's (NYSE: LOW), and JD.com (NASDAQ: JD) are among the discretionary stocks best positioned to benefit from this strangely selective spending. The company known for its funky (but ultra-comfortable) foam clogs may have been fighting for its life a decade ago, but Crocs found its groove again in 2016. Although consumers were decorating their Crocs clogs years ago, the effort wasn't organized.
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.
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