Home Depot (HD) Offering Possible 23% Return Over the Next 30 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 $200.00 short call and a strike $210.00 long call offers a potential 23% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $200.00 by expiration. The full premium credit of $1.87 would be kept by the premium seller. The risk of $8.13 would be incurred if the stock rose above the $210.00 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 20.33 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

Lowe’s May Finally Have the Catalysts It Needs to Deliver
Mon, 15 Oct 2018 20:35:00 +0000
Lowe’s (ticker: LOW) has the best chance in more than a decade to close the gap with (HD) (HD), says Wedbush. Where we were: Lowe’s has long trailed behind its bigger rival, in large part due to self-inflicted problems. Where we’re headed: New leadership and shareholder activism may finally be the catalysts Lowe’s needs to make necessary changes, says Wedbush.

Sears Is Dead, But These 5 Retail Stocks Offer Hope
Mon, 15 Oct 2018 17:13:53 +0000
Although we all saw this ending coming, it is nonetheless sad to say goodbye to a retailer that forever changed America. Once upon a time, Sears helped America become a healthy economy again in the post-War years. The company was a pioneer for massive mall expansion, and re-shaped retail to what it was before the internet came along.

Jim Cramer Breaks Down Home Depot, Lowe's and JC Penney
Mon, 15 Oct 2018 16:28:00 +0000
Jim Cramer recaps his weekend boot camp and looks at JC Penney, Lowe's and Home Depot.

Jim Cramer on Home Depot and Lowe's
Mon, 15 Oct 2018 16:11:00 +0000
Watch to see what Jim Cramer has to say about Home Depot and Lowe's.

Why the Earnings Surprise Streak Could Continue for Home Depot (HD)
Mon, 15 Oct 2018 14:10:02 +0000
Home Depot (HD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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