Home Depot (HD) Offering Possible 17.37% Return Over the Next 7 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 $237.50 short put and a strike $232.50 long put offers a potential 17.37% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $237.50 by expiration. The full premium credit of $0.74 would be kept by the premium seller. The risk of $4.26 would be incurred if the stock dropped below the $232.50 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 64.24 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 (HD) Prepares for Spring by Hiring 80K Workers
Wed, 12 Feb 2020 14:00:02 +0000
Home Depot (HD) plans to hire more than 80,000 workers as part of preparations for the spring season.

Home Depot (HD) Outpaces Stock Market Gains: What You Should Know
Tue, 11 Feb 2020 22:45:10 +0000
In the latest trading session, Home Depot (HD) closed at $241.64, marking a +0.43% move from the previous day.

S&P, Nasdaq eke out record closes as coronavirus worries ease
Tue, 11 Feb 2020 21:30:00 +0000
The S&P 500 and Nasdaq notched record closes on Tuesday, but the Dow finished virtually unchanged. Investors attributed optimism surrounding equities to signs of a slowdown of new cases of COVID-19 in China, while the top Federal Reserve chief said the central bank is monitoring the economic impact of the viral outbreak. The S&P 500 (SPX) advanced 5.66 points, or 0.2%, to 3,357.75, and the Nasdaq Composite Index (COMP) rose 10.55 points, or 0.1%, to finish at 9,638.94, with both indexes notching all-time closing highs.

Greenwich Capital Commercial Funding Corp., 2006-GG7 — Moody's downgrades three classes and affirms two classes of GCCFC 2006-GG7
Tue, 11 Feb 2020 17:02:16 +0000
The rating on Cl. A-M was downgraded due to the deal's exposure to specially serviced and previously modified loans and Moody's concerns of potential interest shortfalls. The ratings on the P&I classes, C and D, were affirmed because the ratings are consistent with Moody's expected loss. Moody's rating action reflects a base expected loss of 41.7% of the current pooled balance, compared to 36.9% at Moody's last review.

Home Depot bumps Atlanta seasonal hiring goal, sets target above rival Lowe's
Tue, 11 Feb 2020 16:32:36 +0000
Home Depot says it's looking to hire from all stages of life — from students to parents to retirees looking for second careers.

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