Home Depot's most recent trend suggests a bearish bias. One trading opportunity on Home Depot is a Bear Call Spread using a strike $100.00 short call and a strike $110.00 long call offers a potential 13.64% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $100.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $8.80 would be incurred if the stock rose above the $110.00 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 59.94 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, 17 Nov 2014 23:32:57 GMT
Final Glance: Specialty Retail companies
Mon, 17 Nov 2014 23:02:47 GMT
Final Glance: Specialty Retail companies
Mon, 17 Nov 2014 23:02:47 GMT
3 Reasons why investors are confident ahead of Home Depot earnings Tuesday
Mon, 17 Nov 2014 22:32:30 GMT
Stocks Rally Off Lows, Finish Mixed For The Day
Mon, 17 Nov 2014 22:11:00 GMT
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