Home Depot (HD) Offering Possible 15.87% Return Over the Next 31 Calendar Days

Home Depot's most recent trend suggests a bearish bias. One trading opportunity on Home Depot is a Bear Call Spread using a strike $200.00 short call and a strike $210.00 long call offers a potential 15.87% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $200.00 by expiration. The full premium credit of $1.37 would be kept by the premium seller. The risk of $8.63 would be incurred if the stock rose above the $210.00 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 28.64 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, TJX, HP, and More Stocks to Watch This Week
Sun, 19 May 2019 19:00:00 +0000
It’s a retail-heavy earnings week, starting with Home Depot, TJX, and Nordstrom. Investors will also see the Fed report on its last meeting and data on home sales.

3 Things to Watch in the Stock Market This Week
Sun, 19 May 2019 17:45:00 +0000
Why Home Depot, TJX Companies, and Autodesk shares could make big moves over the next few trading days.

Rally or Selloff?: Cramer's ‘Mad Money' Recap (Friday 5/17/19)
Sun, 19 May 2019 15:53:00 +0000
This market can't seem to make up its mind, Jim Cramer told his Mad Money viewers Friday. Trade will be top of mind on Monday, Cramer said, as we wait to see if there will be any additional retaliation from China. Cramer said rainy weather could impact Home Depot's lucrative gardening season, but TJX should do well as that company buys merchandise, not from China, but from other retailers.

4 Big Earnings Reports I'm Watching This Week
Sun, 19 May 2019 13:30:00 +0000
It's a key week for retail stocks, with these four well-known names all set to post quarterly results.

3 Things to Watch in Home Depot's Earnings Report
Sun, 19 May 2019 13:00:00 +0000
Investors want to know how the new year is shaping up.

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