Home Depot (HD) Offering Possible 14.94% Return Over the Next 29 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 $237.50 short put and a strike $232.50 long put offers a potential 14.94% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $237.50 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock dropped below the $232.50 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 65.2 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

US Indexes End Lower Tuesday
Tue, 19 May 2020 22:39:54 +0000
S&P; 500 down 1.05% Continue reading…

Is Home Depot Stock A Buy Right Now? Here's What Earnings, Charts Show
Tue, 19 May 2020 22:30:19 +0000
Home Depot is one of the biggest companies in the United States and a stock leader on the Dow Jones industrials, but is Home Depot stock a buy right now?

FOMC minutes, plus Lowe's and Target report earnings: What to know in markets Wednesday
Tue, 19 May 2020 22:24:36 +0000
Investors will be paying close attention to quarterly results from home improvement chain Lowe’s and Target and the Federal Open Market Committee’s (FOMC) meeting minutes in a busy Wednesday.

The Dow Fell 391 Points Because Coronavirus-Trial Data Raise Questions
Tue, 19 May 2020 21:51:00 +0000
U.S. stocks were flat on Tuesday until a sudden drop in the late afternoon that pushed all three major indexes into the red, as optimism over a potential Covid-19 vaccine faded.

Walmart and Home Depot Are Seeing Huge E-Commerce Growth, For Now
Tue, 19 May 2020 21:21:00 +0000
Both retail giants shared impressive online sales and customer growth figures. But Walmart did caution that it's getting a boost from stimulus payments.

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