Home Depot (HD) Offering Possible 23.46% 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 $275.00 short call and a strike $280.00 long call offers a potential 23.46% 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 $275.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock rose above the $280.00 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 24.66 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

Home Depot (HD) Outpaces Stock Market Gains: What You Should Know
Mon, 02 Nov 2020 22:45:10 +0000
Home Depot (HD) closed at $270.74 in the latest trading session, marking a +1.51% move from the prior day.

What's in the Offing for Lumber Liquidators' (LL) Q3 Earnings?
Thu, 29 Oct 2020 15:38:03 +0000
Despite the adverse impacts of COVID-19, solid online sales, virtual sales consultation and strength in the vinyl category are likely to have aided Lumber Liquidators' (LL) Q3 results.

Bed Bath & Beyond CEO: Our future is now
Thu, 29 Oct 2020 14:19:18 +0000
Bed Bath & Beyond CEO Mark Tritton has just set his plans to revive the retailer. He chats about them with Yahoo Finance.

5 Dividend Stocks That Have Had a Great Run and Are Just Getting Started
Thu, 29 Oct 2020 11:11:00 +0000
There are good reasons why these well-known companies have handily beaten the S&P; 500 since the March doldrums.

2 Ways Home Depot Is Benefitting From Remote Working
Wed, 28 Oct 2020 11:33:00 +0000
Investors will want to know how Home Depot (NYSE: HD) is benefiting from this significant change in people's lifestyles. For example, tech workers in San Francisco are finding that housing costs in nearby Sacramento are one-third of what they are in San Francisco.

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