Home Depot (HD) Offering Possible 13.64% Return Over the Next 35 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 $225.00 short put and a strike $215.00 long put offers a potential 13.64% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $225.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $8.80 would be incurred if the stock dropped below the $215.00 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 77.33 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

Could Home Depot Stock Rise to $269?
Thu, 14 May 2020 00:12:16 +0000
Shares of Home Depot (NYSE: HD) are poised for a lift, with upside potential approaching 20%. At least that's the view of Jefferies Financial Group analyst Randal Konik, who raised his price target on the DIY home repair giant to $269. Wells Fargo prognosticator Zachary Fadem declared a similar boost, upping his projection from $215 to $260 per share.

Home Depot Has Made a Steep Recovery: What Investors Should Do Now
Wed, 13 May 2020 17:50:00 +0000
During Tuesday's Mad Money program Jim Cramer said we're in a brave new world and only a handful of companies have figured out this new economy. In the daily bar chart of HD, below, we can see that prices have nearly regained their entire decline from the peak in February. The On-Balance-Volume (OBV) line shows a slow grind higher from March but the decline from February to March was not that deep.

Home Depot and Walmart Face High Expectations on Earnings. Fair Warning.
Wed, 13 May 2020 17:22:00 +0000
Home Depot and Walmart have been relative retail winners in a Covid-19 world. That could set the both stocks up for a fall if earnings fall short of higher-than-normal expectations.

Recent market volatility has caused risk split among investors.
Wed, 13 May 2020 16:22:32 +0000
Recent stock market volatility has caused older investors to shun risk while younger investors buy distressed stocks, hoping for massive upside.

Dow Jones News: Cisco Earnings This Afternoon; Home Depot Stock Boosted by DIY Demand
Wed, 13 May 2020 16:04:00 +0000
Investors will learn how Cisco is holding up later today, and Home Depot is reportedly benefiting from strong do-it-yourself demand.

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