Home Depot's most recent trend suggests a bearish bias. One trading opportunity on Home Depot is a Bear Call Spread using a strike $124.00 short call and a strike $129.00 long call offers a potential 27.88% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $124.00 by expiration. The full premium credit of $1.09 would be kept by the premium seller. The risk of $3.91 would be incurred if the stock rose above the $129.00 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 35.32 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Home Depot
The Number That Matters Most to Home Depot Inc.'s Business
Sat, 05 Nov 2016 20:46:00 GMT
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Sat, 05 Nov 2016 11:51:47 GMT
Home Depot to Benefit from Renovation Market (HD)
Fri, 04 Nov 2016 23:47:00 GMT
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