Home Depot (HD) Offering Possible 17.23% 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 $235.00 short put and a strike $225.00 long put offers a potential 17.23% 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 $235.00 by expiration. The full premium credit of $1.47 would be kept by the premium seller. The risk of $8.53 would be incurred if the stock dropped below the $225.00 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 68.48 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

Here’s the segment of the economy that may benefit from fears of coronavirus, analysts say
Tue, 18 Feb 2020 20:08:00 +0000
As the COVID-19 spreads and the patient count and death toll grow, economists are slashing their once-rosy expectations for global growth in 2020.

Home Depot Appears Set to Build Higher Over the Long Haul
Tue, 18 Feb 2020 16:50:00 +0000
If it gets dragged lower with the broader market, HD could dip, but then the charts and indicators show it will likely rise after.

The Home Depot Canada to hire 5,500 new associates
Tue, 18 Feb 2020 13:00:00 +0000
TORONTO , Feb. 18, 2020 /CNW/ – The Home Depot® Canada is hiring more than 5,500 new associates across the country to support its busy spring season. The company is seeking enthusiastic applicants who are looking to join a winning team and who share its core values – like Respect for All People, Excellent Customer Service, and Giving Back. Whether jobseekers are students, starting a new career or simply love engaging with people, the company is hiring for full-time, part-time and seasonal positions including overnight associates, sales associates, cashiers, lot associates, specialty associates and department supervisors.

Macy’s exec: Midtown probably “best location in the South” for tech talent
Tue, 18 Feb 2020 05:44:13 +0000
Naveen Krishna, the company's chief technology officer, spoke to Atlanta Business Chronicle following Macy’s Feb. 14 confirmation it will open a $14 million U.S. tech hub in Midtown.

US Indexes Close Mostly Flat Friday With Gains for the Week
Fri, 14 Feb 2020 22:00:39 +0000
Dow Jones reports a weekly gain of 2.2% Continue reading…

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