Home Depot (HD) Offering Possible 92.31% Return Over the Next 21 Calendar Days

Home Depot's most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $165.00 short put and a strike $160.00 long put offers a potential 92.31% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $2.40 would be kept by the premium seller. The risk of $2.60 would be incurred if the stock dropped below the $160.00 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 40.71 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

Is Lowe's an Attractive Investment After the Buyback Announcement?
Wed, 26 Dec 2018 20:50:48 +0000
The housing market was one of the sectors that was adversely affected by the U.S.-China trade war, and this led to a strong correction in home improvement retail stocks such as Lowe's Companies Inc. (LOW). After its recent fall, the company was again in the news for announcing a $10 billion share buyback, which made it seemingly attractive for yield investors. Given its current level of valuations and the buyback plan, Lowe's is an interesting candidate for evaluation from a long-term investment perspective.

Nasdaq Today Extends Bounce As Holiday Shopping Boosts Consumer Stocks
Wed, 26 Dec 2018 20:45:26 +0000
After a good holiday shopping season, Amazon.com and consumer stocks led a market rebound Wednesday.

Chilton Investment Company’s Return, AUM, and Holdings
Wed, 26 Dec 2018 19:17:04 +0000
Chilton Investment Company is a hedge fund formed by Richard Lockwood Chilton back in 1992. Prior to starting his own firm, Richard Chilton built his investment career working as a managing director at Allen & Company, and as a vice president and portfolio manager at Alliance Capital Management. His beginnings were at Merrill Lynch where […]

Home Depot Rises 3%
Wed, 26 Dec 2018 18:44:03 +0000
Investing.com – Home Depot (NYSE:HD) rose by 3.01% to trade at $162.90 by 11:43 (16:43 GMT) on Wednesday on the NYSE exchange.

U.S. holiday shopping season best in six years – report
Wed, 26 Dec 2018 16:38:47 +0000
By Aishwarya Venugopal (Reuters) – Sales in the 2018 U.S. holiday shopping season rose 5.1 percent to over $850 billion, the strongest in six years, according to a Mastercard report on Wednesday, as shoppers …

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