Home Depot's most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $187.50 short put and a strike $182.50 long put offers a potential 14.68% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $187.50 by expiration. The full premium credit of $0.64 would be kept by the premium seller. The risk of $4.36 would be incurred if the stock dropped below the $182.50 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 above 80 which suggests that the stock is in overbought territory.
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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Thu, 04 Jan 2018 21:04:26 +0000
Jan.04 — Robert Nardelli, former CEO of GE Power Systems, Chrysler and Home Depot, comments on Tesla during an interview with Bloomberg's Scarlet Fu and Julia Chatterley on "Bloomberg Markets."
Nardelli on Home Depot's 'Secret Sauce' to Resist Amazon
Thu, 04 Jan 2018 20:54:51 +0000
Jan.04 — Robert Nardelli, former CEO of GE Power Systems, Chrysler and Home Depot, comments on the importance of innovation and Home Depot's competition with Amazon during an interview with Bloomberg's Scarlet Fu and Julia Chatterley on "Bloomberg Markets."
Nardelli Says GE Turnaround Is a 'Herculean Task'
Thu, 04 Jan 2018 20:44:03 +0000
Jan.04 — Robert Nardelli, former CEO of GE Power Systems, Chrysler and Home Depot, comments on the state of GE during an interview with Bloomberg's Scarlet Fu and Julia Chatterley on "Bloomberg Markets."
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