Home Depot (HD) Offering Possible 26.9% Return Over the Next 22 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 $232.50 short put and a strike $227.50 long put offers a potential 26.9% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $232.50 by expiration. The full premium credit of $1.06 would be kept by the premium seller. The risk of $3.94 would be incurred if the stock dropped below the $227.50 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 above 80 which suggests that the stock is in overbought 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

Home Depot: Do Analysts Expect Continued Momentum?
Tue, 22 Oct 2019 17:33:23 +0000
Home Depot stock has surged 37.8% so far this year. The stock is ahead of its closest rival Lowe’s (LOW) and the broader S&P; 500.

Falcons trade Sanu to the Patriots
Tue, 22 Oct 2019 12:39:10 +0000
The Atlanta Falcons have traded Mohamed Sanu to the New England Patriots. The Falcons will receive a second-round pick in exchange for the wide receiver. The news was reported by NFL Network Insider Ian Rapoport Tuesday morning.

How Atlanta sports ticket prices stack up this week
Mon, 21 Oct 2019 18:49:28 +0000
This past weekend Atlanta United advanced to the conference semifinals of the MLS Cup Playoffs while the Atlanta Falcons dropped their fifth-straight game of the season. Both teams are back at Mercedes-Benz Stadium this week as United faces Philadelphia Union on Thursday while the Falcons face the Seattle Seahawks on Sunday. The average ticket price for the United-Union game is $81 with a get-in price of $67, according to secondary marketplace TickPick.

Beating the Street: Lynch's Early Years at Magellan
Mon, 21 Oct 2019 15:45:20 +0000
A fund manager without a strategy enjoys a remarkably successful run Continue reading…

Why You Should Like The Home Depot, Inc.’s (NYSE:HD) ROCE
Mon, 21 Oct 2019 13:43:35 +0000
Today we are going to look at The Home Depot, Inc. (NYSE:HD) to see whether it might be an attractive investment…

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