Home Depot (HD) Offering Possible 17.92% Return Over the Next 24 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 $227.50 short put and a strike $222.50 long put offers a potential 17.92% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $227.50 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.24 would be incurred if the stock dropped below the $222.50 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 77.1 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) Stock Moves -0.71%: What You Should Know
Fri, 24 Jan 2020 22:45:10 +0000
Home Depot (HD) closed the most recent trading day at $232, moving -0.71% from the previous trading session.

Atlanta golf retailer expanding, eyes vacant Toys ‘R’ Us, Bed Bath and Beyond stores
Fri, 24 Jan 2020 09:40:00 +0000
Atlanta-based golf retail leader has already moved into nine former Toys 'R' Us properties since the iconic toy chain closed its doors in 2018.

Atlanta United partners with nonprofit to train the MLS' first service dog, Spike
Thu, 23 Jan 2020 18:06:04 +0000
Atlanta United is giving its fans a new face to cheer for, partnering to raise a service dog named Spike.

The Street's Debate Over Costco Stock Continues
Thu, 23 Jan 2020 16:53:20 +0000
Oppenheimer analyst Rupesh Parikh turned bullish on Costco Wholesale Corporation (NASDAQ: COST ) this week and his colleague Ari Wald offered a more technical case for the stock on CNBC . COST ‘Just Getting …

Dow jumps 34 points on gains in shares of IBM, Intel
Wed, 22 Jan 2020 16:07:00 +0000
DOW UPDATE The Dow Jones Industrial Average is climbing Wednesday morning with shares of IBM and Intel leading the way for the blue-chip average. Shares of IBM (IBM) and Intel (INTC) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) was most recently trading 34 points higher (0.

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