Home Depot's most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $320.00 short put and a strike $315.00 long put offers a potential 47.06% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $320.00 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $3.40 would be incurred if the stock dropped below the $315.00 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 29.91 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 2022 21:50:29 +0000
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Fri, 04 Mar 2022 09:33:05 +0000
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