Home Depot (HD) Offering Possible 22.25% Return Over the Next 14 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 $124.00 short call and a strike $129.00 long call offers a potential 22.25% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $124.00 by expiration. The full premium credit of $0.91 would be kept by the premium seller. The risk of $4.09 would be incurred if the stock rose above the $129.00 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 29.14 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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Wed, 02 Nov 2016 20:48:00 GMT

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Wed, 02 Nov 2016 17:31:04 GMT

Mario Gabelli Comments on Home Depot Inc.
Wed, 02 Nov 2016 17:30:38 GMT

Mario Gabelli's Equity Income Fund 3rd Quarter Commentary
Wed, 02 Nov 2016 17:11:32 GMT

Cramer: The Gloom on Home Depot and Lowe's Is a Blip
Tue, 01 Nov 2016 23:01:00 GMT

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