Home Depot (HD) Offering Possible 11.86% Return Over the Next 8 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 $80.00 short call and a strike $85.00 long call offers a potential 11.86% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $80.00 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $4.47 would be incurred if the stock rose above the $85.00 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 57.5 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

A Store With Media in Mind
Sat, 15 Mar 2014 00:08:39 GMT

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Fri, 14 Mar 2014 22:06:29 GMT

Final Glance: Specialty Retail companies
Fri, 14 Mar 2014 22:06:29 GMT

Battle of home improvement retailers
Fri, 14 Mar 2014 18:51:00 GMT

Midday Glance: Specialty Retail companies
Fri, 14 Mar 2014 17:21:29 GMT

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