Home Depot (HD) Offering Possible 13.9% Return Over the Next 25 Calendar Days

Home Depot's most recent trend suggests a bearish bias. One trading opportunity on Home Depot is a Bear Call Spread using a strike $130.00 short call and a strike $140.00 long call offers a potential 13.9% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $130.00 by expiration. The full premium credit of $1.22 would be kept by the premium seller. The risk of $8.78 would be incurred if the stock rose above the $140.00 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 at 25.11 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

UBS Adds Top Blue Chip to Quality Growth at a Reasonable Price Portfolio
Fri, 17 Jun 2016 13:55:47 GMT

Home Depot Has Filed A Lawsuit Against Visa And MasterCard Over Credit Card Security Issues
Thu, 16 Jun 2016 14:55:02 GMT

Zacks.com featured highlights: Cimpress, Ubiquiti Networks, Baxter International, Home Depot and Electronic Arts
Thu, 16 Jun 2016 13:30:01 GMT

3 Blue Chip Stocks That Could Beat Wall Street Earnings Expectations
Thu, 16 Jun 2016 12:20:41 GMT

[$$] Home Depot Files Antitrust Lawsuit Against Visa, MasterCard
Thu, 16 Jun 2016 04:43:54 GMT
The Wall Street Journal – Home Depot’s antitrust suit reignites claims that merchants pay too much for debit- and credit-card transactions and questions the effectiveness of chip-based cards in reducing fraud.

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