Home Depot's most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $327.50 short put and a strike $322.50 long put offers a potential 61.29% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $327.50 by expiration. The full premium credit of $1.90 would be kept by the premium seller. The risk of $3.10 would be incurred if the stock dropped below the $322.50 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 67.2 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
This IBD Stock Of The Day Is In Buy Range As Housing Stocks Home Depot, Lennar, Floor & Decor Rebound
Tue, 03 Aug 2021 20:54:13 +0000
Stock Of The Day: The XHB SPDR S&P Homebuilders ETF is actionable as housing stocks such as Home Depot, Lennar and Floor & Decor rebound.
Dow Jones Jumps Back Above 35,000 — This Could Push It Back to Record Levels Soon
Tue, 03 Aug 2021 20:20:19 +0000
The Dow Jones is knocking on record levels again, and positive earnings from some of its most popular components could be the catalyst to get it there.
Circularity in Action: The Home Depot's Commitment to Composting and Sustainability
Tue, 03 Aug 2021 17:32:12 +0000
In Puget Sound, Washington, associates are turning trash into something customers can use. Flowers, soil, and other retired organic items are being composted instead of thrown away.
The Home Depot to Host Second Quarter Earnings Conference Call on August 17
Tue, 03 Aug 2021 12:00:00 +0000
The Home Depot®, the world's largest home improvement retailer, announced today that it will hold its Second Quarter Earnings Conference Call on Tuesday, August 17, at 9 a.m. ET.
Looking for a U.S. Cannabis Stock? This Might Be the One
Tue, 03 Aug 2021 11:19:00 +0000
Consumers and investors alike are excited about the emergence of the cannabis industry in the U.S. Legalization is gaining momentum state by state and social acceptance at the federal level. Specialty retailer GrowGeneration (NASDAQ: GRWG) is a potential stock for investors looking for broad exposure to U.S. cannabis. Here are three reasons why GrowGeneration is positioned to thrive in the coming years.
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