Home Depot (HD) Offering Possible 21.07% Return Over the Next 28 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 $127.00 short put and a strike $122.00 long put offers a potential 21.07% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $127.00 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 $122.00 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 33.67 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

Better Buy: Home Depot vs. Sherwin-Williams
Thu, 22 Sep 2016 22:31:00 GMT

Yahoo! Isn't Alone: A Recent History of Massive Data Breaches
Thu, 22 Sep 2016 22:26:00 GMT

Home Depot gets a vote of confidence
Thu, 22 Sep 2016 13:16:06 GMT

Better Buy: Wal-Mart Stores Inc. vs. Home Depot
Wed, 21 Sep 2016 17:46:00 GMT

KeyCorp (KEY), McDonald’s Corporation (MCD): Clinton Group Makes Huge Moves On These 5 Finance and Consumer Stocks
Wed, 21 Sep 2016 17:42:54 GMT

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