Home Depot's most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $197.50 short put and a strike $192.50 long put offers a potential 5.71% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $197.50 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock dropped below the $192.50 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 78.4 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
Home Depot (HD) Dips More Than Broader Markets: What You Should Know
Tue, 09 Apr 2019 21:45:09 +0000
In the latest trading session, Home Depot (HD) closed at $200.90, marking a -1.3% move from the previous day.
Lowe’s Stock Keeps Gaining on Home Depot. Can It Last?
Tue, 09 Apr 2019 16:00:00 +0000
Over the past 12 months, Lowe’s is up more than 32%, nearly double the 17% gains Home Depot has notched. But some worry that a housing slowdown could hurt the sector.
What to Expect of Home Depot’s Revenue in 2019
Mon, 08 Apr 2019 20:00:03 +0000
Home Depot Stock Up ~7.3% Since Last Earnings: More Upside Ahead?(Continued from Prior Part)Analysts’ recommendations Home Depot’s (HD) management team expects its revenue to rise 3.3% this year, which also accounts for an extra week of
Why Wall Street Expects Home Depot’s EPS to Fall in 2019
Mon, 08 Apr 2019 16:58:30 +0000
Home Depot Stock Up ~7.3% Since Last Earnings: More Upside Ahead?(Continued from Prior Part)Analysts’ expectationsFor 2019, Home Depot’s (HD) management team expects diluted EPS to rise 3.1% to $10.03. Analysts forecast the company’s EPS at
Home Depot Stock: What Wall Street Recommends
Mon, 08 Apr 2019 16:58:28 +0000
Home Depot Stock Up ~7.3% Since Last Earnings: More Upside Ahead?(Continued from Prior Part)Analysts’ recommendationsOf the total 34 analysts who follow Home Depot (HD), 67.6% have given the stock a “buy” rating while 32.4% have a “hold”
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