Home Depot (HD) Offering Possible 19.9% Return Over the Next 6 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 $215.00 short call and a strike $220.00 long call offers a potential 19.9% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $215.00 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $4.17 would be incurred if the stock rose above the $220.00 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 36.33 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Home Depot

This Dow Jones Giant Says ESG Is 'Value Creation' For Shareholders
Thu, 12 Dec 2019 20:45:06 +0000
One of the leaders in MSCI's ESG rankings is Home Depot. Its impressive track record makes Home Depot stock worthy of consideration for investors.

Home Depot (HD) Stock Takes a Hit on Soft Fiscal 2020 View
Thu, 12 Dec 2019 20:21:08 +0000
Home Depot (HD) provides an update on One Home Depot Plan and outlines view for fiscal 2020.

Home Depot’s investment plan weighs on fiscal 2020 outlook
Thu, 12 Dec 2019 20:05:00 +0000
Home Depot disappointed with its fiscal 2020 guidance, which analysts say is impacted by its own investments and outside factors.

Home Depot Had Bad News About Sales, but Some Analysts Still Like the Stock
Thu, 12 Dec 2019 18:47:00 +0000
The retailer said last month that 2019 sales would disappoint, and then Wednesday warned about 2020. The stock has dropped 12%. Some analysts say it’s a bargain.

Home Depot’s investments may weigh on near-term results but analysts see the long-term benefit
Thu, 12 Dec 2019 16:34:00 +0000
Home Depot’s investments in stores and online set up the retailer for long-term gains, analysts say.

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