Home Depot (HD) Offering Possible 23.46% Return Over the Next 22 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 $180.00 short put and a strike $170.00 long put offers a potential 23.46% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $180.00 by expiration. The full premium credit of $1.90 would be kept by the premium seller. The risk of $8.10 would be incurred if the stock dropped below the $170.00 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 32.75 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 Exec Reveals One Secret Behind the Company's Massive Success
Wed, 21 Feb 2018 02:15:00 +0000
E-commerce sales for Home Depot were over 6% of its total for the quarter.

Dow Drops Over 250 Points to End Six-Session Winning Streak
Wed, 21 Feb 2018 00:55:00 +0000
The Dow, S&P 500 and Nasdaq all finished lower on Tuesday.

Home Depot CFO: We Have Barrier Islands Around Us That Protect Us From Amazon
Wed, 21 Feb 2018 00:00:00 +0000
Home Depot has set the standard in the retail space when it comes to earnings day. TheStreet talks with Home Depot Chief Financial Officer Carol Tome after better-than-expected fourth-quarter results Tuesday….

Top Stock Picks for the Week of Feb 20, 2018
Tue, 20 Feb 2018 23:02:11 +0000
Tracey Ryniec and Brian Hamilton look at a two mega-cap companies, a technology giant and a top retailer.

Home Depot's Impressive Fiscal 2017 in 5 Metrics
Tue, 20 Feb 2018 22:06:00 +0000
Home Depot put the icing on a record year. Here's a look back at the metrics that helped its stock nearly double the market in fiscal 2017.

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