Home Depot (HD) Offering Possible 27.39% 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 $127.00 short put and a strike $121.00 long put offers a potential 27.39% 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 $127.00 by expiration. The full premium credit of $1.29 would be kept by the premium seller. The risk of $4.71 would be incurred if the stock dropped below the $121.00 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 69.96 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

Kingfisher's sales growth held back by soft French market
Tue, 22 Nov 2016 10:39:02 GMT

Kingfisher's sales growth held back by soft French market
Tue, 22 Nov 2016 10:35:48 GMT
Reuters – UK Focus – Kingfisher (Frankfurt: 812861 – news) , Europe's largest home improvement retailer, reported growth in third-quarter underlying sales with strong demand in Britain and Poland more than offsetting weakness in France. The firm, which trades as B&Q and Screwfix in Britain and Castorama and Brico Depot in France and other markets, also said on Tuesday that its five year transformation plan, launched in January, was on track. Kingfisher said group sales at stores open over a year rose 1.8 percent in the three months to Oct (HKSE: 3366-OL.HK – news) .

Kingfisher's sales growth held back by soft French market
Tue, 22 Nov 2016 10:35:48 GMT

Word on the Street: What Analysts Recommend for Home Depot
Mon, 21 Nov 2016 15:04:13 GMT

Will Tesla's Solar Roof Really Cost Less Than Normal Roof as Musk Claims?
Mon, 21 Nov 2016 13:58:00 GMT
TheStreet – Some analysts aren't buying the CEO's claims, which he made Thursday after announcing that the highly controversial Tesla-Solar City tie-up had been approved by shareholders of both companies.

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