Home Depot's most recent trend suggests a bearish bias. One trading opportunity on Home Depot is a Bear Call Spread using a strike $80.00 short call and a strike $85.00 long call offers a potential 5.04% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $80.00 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock rose above the $85.00 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 below 20 which suggests that the stock is in oversold territory.
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
Top 12 States With the Healthiest Foreclosure Markets
Sat, 01 Feb 2014 19:29:02 GMT
Final Glance: Specialty Retail companies
Fri, 31 Jan 2014 23:04:22 GMT
Midday Glance: Specialty Retail companies
Fri, 31 Jan 2014 18:35:33 GMT
Housing Bubble Deja Vu: Home Flippers Are Making a Killing
Fri, 31 Jan 2014 16:44:06 GMT
Early Glance: Specialty Retail companies
Fri, 31 Jan 2014 15:32:19 GMT
Also on Market Tamer…
Follow Us on Facebook