Home Depot (HD) Offering Possible 18.76% Return Over the Next 35 Calendar Days

Home Depot's most recent trend suggests a bearish bias. One trading opportunity on Home Depot is a Bear Call Spread using a strike $200.00 short call and a strike $210.00 long call offers a potential 18.76% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $200.00 by expiration. The full premium credit of $1.58 would be kept by the premium seller. The risk of $8.42 would be incurred if the stock rose above the $210.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Home Depot is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Home Depot is bearish.

The RSI indicator is at 21.59 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

Homebuilders Still Look Positive
Wed, 15 May 2019 22:47:15 +0000
Homebuilder sentiment offers evidence in favor of the market, at least in the short term, but keep an eye on retail sales.

Top Analyst Reports for Adobe, ConocoPhillips & Exelon
Wed, 15 May 2019 18:19:06 +0000
Top Analyst Reports for Adobe, ConocoPhillips & Exelon

Final trades: United Airlines, eBay, Alphabet, United Rentals, Home Depot & Communications Services
Wed, 15 May 2019 18:08:06 +0000

Top Retail Stocks to Buy in 2019
Wed, 15 May 2019 14:55:00 +0000
The industry is in flux, but that doesn't mean there aren't opportunities available.

Home Depot (HD) Gains But Lags Market: What You Should Know
Tue, 14 May 2019 21:45:09 +0000
Home Depot (HD) closed at $191.60 in the latest trading session, marking a +0.66% move from the prior day.

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