Home Depot (HD) Offering Possible 33.33% Return Over the Next 37 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 $315.00 short put and a strike $305.00 long put offers a potential 33.33% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $315.00 by expiration. The full premium credit of $2.50 would be kept by the premium seller. The risk of $7.50 would be incurred if the stock dropped below the $305.00 long put 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 up which suggests that the medium-term momentum for Home Depot is bullish.

The RSI indicator is at 70.99 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

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Mon, 12 Jul 2021 14:19:02 +0000
Home Depot (HD) retains its leading position in the market through its investments and expansion efforts amid a tough market. Heightened demand for home improvement projects serves as an advantage.

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Inflation is running high right now, with the latest measures running at a 5% annual rate, or well above the 2% rate that the Federal Reserve aims for over the long term. Sure, that spike might be mostly driven by temporary trends related to the pandemic, but inflation still counts as a major risk for investors. With that in mind, let's look at a few dividend stocks that have been boosting their payouts at a faster rate than inflation, and thus provide serious protection against rising consumer prices.

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