Home Depot (HD) Offering Possible 26.9% Return Over the Next 24 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 $240.00 short put and a strike $230.00 long put offers a potential 26.9% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $240.00 by expiration. The full premium credit of $2.12 would be kept by the premium seller. The risk of $7.88 would be incurred if the stock dropped below the $230.00 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 above 80 which suggests that the stock is in overbought territory.

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

An Expected 4% Earnings Growth for HP, and Two More Numbers to Know
Mon, 24 Feb 2020 10:01:00 +0000
Demand from American households—that is, not businesses—have become an important engine of economic growth. In fact, on Friday, one important measure of U.S. economic activity showed a contraction for the first time since 2013. The technology company, known for its PCs and printers, is expected to report slightly higher earnings per share, and nearly flat sales for its fourth quarter.

Home Depot, Salesforce, Macy’s, and Other Stocks for Investors to Watch This Week
Sun, 23 Feb 2020 20:00:00 +0000
Retailers Home Depot, Macy’s, Best Buy, and more dominate this week’s earnings reports. Plus, consumer confidence, U.S. GDP, housing, and other economic data.

Retailers’ holiday-season results, software updates and Beyond Meat earnings on the way
Sun, 23 Feb 2020 17:05:00 +0000
Retailers will reveal more about the holiday-shopping season in the coming week, with the end of the earnings recession in sight.

Watch Now: Here's What Will Move Markets This Week – Feb. 23 (Video)
Sun, 23 Feb 2020 08:17:00 +0000
Investing.com – Our Senior Analyst Jesse Cohen gives us his top five things to know in financial markets in the week ahead, including:

Best Stocks in Dow Jones: Is Home Depot a Buy or Sell?
Sat, 22 Feb 2020 13:44:00 +0000
Home Depot, Walmart and Procter & Gamble were the best stocks in the Dow Jones this week as Walmart workers brace for job cuts.

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