Home Depot's most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $132.00 short put and a strike $127.00 long put offers a potential 21.07% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $132.00 by expiration. The full premium credit of $0.87 would be kept by the premium seller. The risk of $4.13 would be incurred if the stock dropped below the $127.00 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 71.18 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Home Depot
[$$] Electrolux-GE Antitrust Case Gets a Bit Heated
Thu, 03 Dec 2015 05:29:49 GMT
[$$] Electrolux-GE Antitrust Case Gets a Bit Heated
Thu, 03 Dec 2015 02:41:04 GMT
Home Depot executive defends Electrolux deal for GE in U.S. court
Wed, 02 Dec 2015 22:35:44 GMT
Reuters – AB Electrolux's deal to buy General Electric Co's appliance business will tie together two companies facing stiff competition from Asian competitors and be good for consumers, Home Depot Inc executive Bob Baird testified in U.S. federal court on Wednesday. The Justice Department is asking a judge to stop Sweden's Electrolux, which makes Frigidaire, Kenmore and Tappan appliances, from buying GE's appliance business for $3.3 billion. The Justice Department questioned Baird's credibility, saying he had a close relationship with Electrolux and General Electric, including a potential job offer from Electrolux.
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Wed, 02 Dec 2015 17:17:00 GMT
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