Home Depot (HD) Offering Possible 47.06% Return Over the Next 23 Calendar Days

Home Depot's most recent trend suggests a bearish bias. One trading opportunity on Home Depot is a Bear Call Spread using a strike $370.00 short call and a strike $380.00 long call offers a potential 47.06% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $370.00 by expiration. The full premium credit of $3.20 would be kept by the premium seller. The risk of $6.80 would be incurred if the stock rose above the $380.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Home Depot is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Home Depot is bearish.

The RSI indicator is at 24.56 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

Brand Asset Management Group, Inc. Buys Palantir Technologies Inc, SPDR Portfolio TIPS ETF, …
Mon, 24 Jan 2022 22:38:24 +0000
Investment company Brand Asset Management Group, Inc. (Current Portfolio) buys Palantir Technologies Inc, SPDR Portfolio TIPS ETF, Invesco S&P SmallCap 600 Revenue ETF, The Home Depot Inc, S&P MidCap 400 ETF, sells Vanguard FTSE Developed Markets ETF, JPMorgan Chase, iShares S&P 500 Value ETF, Amazon.com Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Brand Asset Management Group, Inc..

Steph & Co Buys Vanguard FTSE Emerging Markets ETF, Regal Rexnord Corp, iShares MSCI …
Mon, 24 Jan 2022 22:38:19 +0000
Investment company Steph & Co (Current Portfolio) buys Vanguard FTSE Emerging Markets ETF, Regal Rexnord Corp, iShares MSCI Emerging Markets ETF, iShares iBoxx USD Investment Grade Corporate Bond , The Home Depot Inc, sells Trane Technologies PLC, AT&T Inc, Zurn Water Solutions Corp, ON Semiconductor Corp, Applied Materials Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Steph & Co.

Housing: Inflation costs have been ‘a positive for home building,’ Dream Finders Homes CEO says
Mon, 24 Jan 2022 21:31:47 +0000
Dream Finders Homes Chairman and CEO Patrick Zalupski joins Yahoo Finance Live to discuss housing market demands, interest rate hikes, and how homebuyers are responding to mortgage rate hikes.

Carolina Wealth Advisors, LLC Buys Schwab U.S. …
Mon, 24 Jan 2022 18:38:11 +0000
Investment company Carolina Wealth Advisors, LLC (Current Portfolio) buys Schwab U.S. Tips ETF, Rent-A-Center Inc, Coterra Energy Inc, ISHARES TRUST, CF Industries Holdings Inc, sells Intel Corp, BHP Group, Invesco BulletShares 2024 Corporate Bond ETF, Eli Lilly and Co, Philip Morris International Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Carolina Wealth Advisors, LLC.

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In this article, we discuss the market crash predictions and 10 stocks to buy for bad times. If you want to skip our detailed analysis of these stocks, go directly to the Market Crash Predictions and 5 Stocks to Buy for Bad Times. It is no secret that the United States economy is in a […]

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