Home Depot (HD) Offering Possible 16.55% Return Over the Next 16 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 16 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 70.79 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 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
Top Ranked Momentum Stocks to Buy for May 2nd

The Home Depot to Host First Quarter 2017 Earnings Conference Call on May 16
Tue, 02 May 2017 12:30:00 +0000
The Home Depot to Host First Quarter 2017 Earnings Conference Call on May 16

How Is Shopping In Stores Going to Change?
Mon, 01 May 2017 15:05:00 +0000
The internet has taken business away from many traditional retailers, but the surviving chains have started to smarten up about how they present their merchandise.

Home Depot on the Street: How the Analysts Are Leaning
Mon, 01 May 2017 13:08:43 +0000
As of April 27, 2017, analysts are expecting Home Depot’s stock price to touch $156.4 in the next 12 months, which represents a return potential of 0.2%.

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