Home Depot's most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $80.00 short put and a strike $75.00 long put offers a potential 13.12% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock dropped below the $75.00 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 64.63 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
Final Glance: Specialty Retail companies
Wed, 13 Aug 2014 22:15:29 GMT
Final Glance: Specialty Retail companies
Wed, 13 Aug 2014 22:15:29 GMT
New Large Cap Highs
Wed, 13 Aug 2014 21:47:44 GMT
The American housing market is bad—and could get worse
Wed, 13 Aug 2014 20:01:07 GMT
Talking Numbers – http://l.yimg.com/hv/api/res/1.2/ccTnkNbCNu4k.2.aicouxg–/YXBwaWQ9eWZpbmFuY2U7aD0zMTt3PTQy/http://l.yimg.com/os/en-US/video/video.pd2upload.com/video.tncnbc.com@5db0ed00-50a0-3620-ad95-38dd2c6caa45_FULL.jpg
Cree Still Looking To Lower LED Costs, Stock Falls
Wed, 13 Aug 2014 18:48:00 GMT
Investor's Business Daily – Cree stock fell Wednesday after the LED company guided revenue for the current quarter below Wall Street views, while Q4 revenue also fell short. Cree (CREE) stock was down nearly 9%, near 45, in afternoon …
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