Home Depot (HD) Offering Possible 16.55% Return Over the Next 15 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 $150.00 short put and a strike $145.00 long put offers a potential 16.55% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $150.00 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $145.00 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 78.93 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

[$$] Housing Recovery Helps Home-Improvement Firms Avoid Retail Blues
Thu, 04 May 2017 04:21:51 +0000
Home-improvement stocks are rising alongside booming U.S. house prices and construction, making the shares a rare success story in the depressed world of retailing.

Robert Nardelli on Leading Through a Crisis
Thu, 04 May 2017 00:45:53 +0000
Former Chrysler and Home Depot CEO Robert Nardelli talks to Bloomberg's Carol Massar at the Bloomberg Breakaway Summit in New York about his legendary career and how CEOs can stay on track in the stormiest …

8 Things You Didn't Know About Home Depot Inc.
Wed, 03 May 2017 13:00:00 +0000
A few key facts for investors as the home improvement titan approaches a critical sales milestone.

Home improvement: A bright spot in retail?
Tue, 02 May 2017 17:28:00 +0000
The "Halftime Report" traders debate Credit Suisse's call to buy Home Depot and Lowe's at these levels.

Top Ranked Momentum Stocks to Buy for May 2nd
Tue, 02 May 2017 15:03:03 +0000
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