Home Depot (HD) Offering Possible 28.53% Return Over the Next 3 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 $197.50 short call and a strike $202.50 long call offers a potential 28.53% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $197.50 by expiration. The full premium credit of $1.11 would be kept by the premium seller. The risk of $3.89 would be incurred if the stock rose above the $202.50 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 27.27 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

General Counsel Awards: Teresa Roseborough works to extend Home Depot's value system
Fri, 10 May 2019 14:44:24 +0000
“I was a Brown vs. Board of Education baby, and I grew up aware of that decision and how it impacted where I could go to school,” Roseborough said.

Retailers, already planning for the 2019 holidays, expected to get whacked by tariffs
Fri, 10 May 2019 14:21:05 +0000
Tariffs in the U.S. have increased to 25% from 10% on $200 billion worth of Chinese goods, including furniture and some consumer electronics. It could hurt retailers already planning for the 2019 holiday season. The hike will also cost the average American family of four $767, according to a report by the Trade Partnership.

8 Retail Stocks Face Rising Risk As Trade War Escalates
Fri, 10 May 2019 11:50:18 +0000
Retail stocks may fall further as the US-China trade war boosts costs, prices and hurts sales to American consumers.

Cushman & Wakefield Lures Top Fortna Executive To Run Americas' Logistics Unit
Thu, 09 May 2019 16:23:08 +0000
Real estate services concern Cushman & Wakefield (NYSE: CWK ) has hired Tray Anderson, a top executive at supply chain management consultancy Fortna, to run its logistics and industrial services operation …

Is The Home Depot, Inc.’s (NYSE:HD) 58% ROCE Any Good?
Thu, 09 May 2019 14:54:13 +0000
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