Home Depot (HD) Offering Possible 23.76% Return Over the Next 14 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 $247.50 short put and a strike $242.50 long put offers a potential 23.76% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $247.50 by expiration. The full premium credit of $0.96 would be kept by the premium seller. The risk of $4.04 would be incurred if the stock dropped below the $242.50 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 72.9 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

Builders Say People Will Leave Cities Because of Coronavirus. These Stocks Could Benefit.
Wed, 03 Jun 2020 22:07:00 +0000
Construction in areas in and around large cities is lagging those in lower-density areas, like small towns, rural areas, and small metropolitan areas.

If You Like Dividends, You Should Love These 3 Stocks
Wed, 03 Jun 2020 15:52:00 +0000
Many companies have been suspending their dividends during the COVID-19 crisis, and in many cases it is understandable. At the same time, many companies are maintaining or increasing their dividends during this crisis. Here are three stocks that dividend investors should love.

Dow Inc., Caterpillar share gains lead Dow's 230-point jump
Tue, 02 Jun 2020 19:53:00 +0000
DOW UPDATE Buoyed by positive momentum for shares of Dow Inc. and Caterpillar, the Dow Jones Industrial Average is climbing Tuesday afternoon. Shares of Dow Inc. (DOW) and Caterpillar (CAT) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) was most recently trading 230 points higher (0.

1 Analyst Just Moved Lowe's Price Target Up Nearly 40%
Tue, 02 Jun 2020 15:52:00 +0000
Gordon Haskett analyst Chuck Grom believes the home improvement retailer's stock price will reach $151.

Why Home Depot Stock Gained 13% in May
Tue, 02 Jun 2020 12:37:00 +0000
What happened Home Depot (NYSE: HD) shareholders outperformed a booming market last month. The stock gained 11% in May compared to a 4.5% increase in the S&P 500, according to data provided by S&P Global Market Intelligence.

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