Home Depot (HD) Offering Possible 13.9% Return Over the Next 19 Calendar Days

Home Depot's most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $167.50 short put and a strike $162.50 long put offers a potential 13.9% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $167.50 by expiration. The full premium credit of $0.61 would be kept by the premium seller. The risk of $4.39 would be incurred if the stock dropped below the $162.50 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 72.38 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

Home Depot Gets With the PROgram
Fri, 24 Nov 2017 16:46:00 +0000
Want to know the key to Home Depot's success? Finding new ways to reach and engage its most important customers.

Home Depot Up 4.1% Post Q3: Will the Bullish Trend Continue?
Fri, 24 Nov 2017 15:26:03 +0000
Home Depot (HD) can be an interesting stock for investors backed by its robust growth strategies, solid focus on Pro Customers and five-year long trend of beating earnings estimates.

Top Ranked Growth Stocks to Buy for November 24th
Fri, 24 Nov 2017 14:38:02 +0000
Top Ranked Growth Stocks to Buy for November 24th

Why You Should Leave Target Corporation Stock Off Your Shopping List
Fri, 24 Nov 2017 09:31:59 +0000
Even on Black Friday, there's no reason to be excited about Target Corporation (NYSE:TGT). Yes, you can be excited by the products it offers and very competitive prices. I have a store nearby and am in there quite a bit, because it is convenient and the prices are pretty darn good. That's not a positive for TGT stock.

Putting buy online, pick up in store to the test: How the retailers stacked up
Wed, 22 Nov 2017 21:30:34 +0000
CNBC and three NBC affiliate stations put six retailers to the test to see if their buy online, pick up in store services lived up to their promises.

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