Home Depot (HD) Offering Possible 22.55% Return Over the Next 16 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 $235.00 short call and a strike $240.00 long call offers a potential 22.55% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $235.00 by expiration. The full premium credit of $0.92 would be kept by the premium seller. The risk of $4.08 would be incurred if the stock rose above the $240.00 long call 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 65.7 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

Nike, Merck share gains contribute to Dow's 225-point climb
Mon, 03 Feb 2020 14:45:00 +0000
DOW UPDATE The Dow Jones Industrial Average is up Monday morning with shares of Nike and Merck delivering strong returns for the price-weighted average. The Dow (DJIA) was most recently trading 228 points, or 0.

Macy's plans major expansion of its technology division in Atlanta
Mon, 03 Feb 2020 11:58:37 +0000
Atlanta is an important strategic location for Macy’s, with the city's northern suburbs serving as its largest tech hub.

There’s a run on surgical masks despite ‘no data’ showing they prevent coronavirus
Fri, 31 Jan 2020 17:04:16 +0000
Retailers across the U.S. are seeing increased demand for face masks amid the coronavirus outbreak, despite 'no evidence' that they help protect against it.

Home Depot (HD) Stock Sinks As Market Gains: What You Should Know
Thu, 30 Jan 2020 22:45:10 +0000
In the latest trading session, Home Depot (HD) closed at $232.79, marking a -0.53% move from the previous day.

Is Home Depot Stock A Buy Right Now? Here's What Earnings, Charts Show
Wed, 29 Jan 2020 20:45:19 +0000
Home Depot is one of the biggest companies in the United States and a stock leader on the Dow Jones industrials, but is Home Depot stock a buy right now?

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