Home Depot (HD) Offering Possible 16.82% Return Over the Next 2 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 $200.00 short put and a strike $195.00 long put offers a potential 16.82% return on risk over the next 2 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $200.00 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock dropped below the $195.00 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 77.32 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 Is Succeeding by Nailing Down Its Digital Growth Plan
Sun, 14 Apr 2019 15:41:00 +0000
just completed its best year ever by growing sales and net earnings the new way, by using the cloud, mobile apps and other digital resources to make it easier for customers to find and buy the things they need. Long ago, company managers figured out they could get suburban moms and dads to hang around the garden center and tool cribs with in-store demonstrations and plenty of knowledgeable, friendly staff. Home Depot became the obvious destination for grabbing a tool, or maybe even a new grill.

Atlanta United president not stressing over early season woes
Sat, 13 Apr 2019 19:19:48 +0000
“I think it’s a good sign of our relevancy in the marketplace that we’ve had so many people concerned about us."

Better Buy: The Home Depot vs. Sherwin-Williams
Sat, 13 Apr 2019 18:02:00 +0000
The home improvement market is still hot in 2019.

Is Lowe's a Buy?
Sat, 13 Apr 2019 14:48:00 +0000
Will Lowe's new management team's plan to turn around the home improvement retailer's fortunes work?

Disney Stock Surges as Streaming Service is Launched
Fri, 12 Apr 2019 16:46:48 +0000
Yahoo Finance's Adam Shapiro and Julie Hyman join Chief Investment Officer Albion Management Group Jason Ware to discuss Disney's stock after their streaming service launch.

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