Home Depot's most recent trend suggests a bearish bias. One trading opportunity on Home Depot is a Bear Call Spread using a strike $322.50 short call and a strike $327.50 long call offers a potential 51.52% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $322.50 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $3.30 would be incurred if the stock rose above the $327.50 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 57.31 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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Wed, 28 Apr 2021 12:15:00 +0000
E-commerce revenue has risen over the years and now accounts for roughly one-fifth of all retail sales (excluding restaurants, cars, and gas) in this country. In short, the retail industry is going through a major upheaval with lasting consequences. The poster child of this secular trend is Amazon, whose business has boomed by providing customers with low prices, more convenience, and greater choices, serving a multitude of product categories.
The Surprising Benefits of Downsizing
Wed, 28 Apr 2021 11:22:00 +0000
Downsizing from a house to an apartment can save you money on your monthly payment. On a Fool Live episode recorded on March 5, Fool contributor Brian Withers discusses his experience in moving out of a large house into a smaller townhome and the unexpected benefits along the way. Brian Withers: Part of what we did when my oldest son went off to college, all of a sudden we were like, “Wow, this house is really big,” now that there's not two teenage boys running around.
Got $1,000? Then Consider This Cheap Stock
Tue, 27 Apr 2021 15:39:43 +0000
In a market reaching record highs, it's wise to take action if you find an attractive opportunity.
Is The Home Depot (HD) Stock Outpacing Its Retail-Wholesale Peers This Year?
Tue, 27 Apr 2021 15:30:03 +0000
Is (HD) Outperforming Other Retail-Wholesale Stocks This Year?
Is Home Depot Stock A Buy Right Now? Here's What Earnings, Charts Show
Tue, 27 Apr 2021 13:30:19 +0000
Home Depot is one of the biggest companies in the United States and a stock leader on the Dow Jones industrials, but is Home Depot stock a buy right now?
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