Home Depot (HD) Offering Possible 19.33% Return Over the Next 8 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 $165.00 short put and a strike $160.00 long put offers a potential 19.33% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $0.81 would be kept by the premium seller. The risk of $4.19 would be incurred if the stock dropped below the $160.00 long put 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 up which suggests that the medium-term momentum for Home Depot is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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

Mellody Hobson on Why There Aren’t More Black Women Execs
Tue, 10 Oct 2017 21:41:50 +0000
In short: "We're not moving fast enough."

[$$] Home Depot Democrats?
Tue, 10 Oct 2017 19:03:10 +0000
Millennials who went for Obama are now becoming homeowners.

How Home Depot’s Dividend Yield Has Trended
Mon, 09 Oct 2017 18:06:24 +0000
Home Depot (HD) posted a 7% increase in net sales for 2017 compared to 6.4% in 2016 and 6% in 2015.

Home Depot Inc (HD) Stock Is Quickly Becoming a Great E-Commerce Investment
Mon, 09 Oct 2017 16:32:19 +0000
Last month, Home Depot Inc (NYSE:HD) unveiled a clever little tool that allows consumers that own Google Home devices — the voice-activated smart-home interface from Alphabet Inc (NASDAQ:GOOGL, NASDAQ:GOOG) — to order goods from the retailer with nothing more than a spoken word. It may not be a reason in and of itself to buy HD stock, but it’s certainly an interesting side story. For Home Depot’s voice-ordering option is a microcosm of how well this hardware store is winning the online war it’s waging — not just against Lowe’s Companies, Inc. (NYSE:LOW), but against Amazon.com, Inc. (NASDAQ:AMZN) as well.

How Trade Intel, Home Depot And 2 Other Stocks That Set Postelection Highs
Mon, 09 Oct 2017 13:44:00 +0000
These four stock set postelection intraday highs last week. Here's how to trade them now.

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