Home Depot (HD) Offering Possible 36.24% Return Over the Next 23 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 $205.00 long call offers a potential 36.24% return on risk over the next 23 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 $1.33 would be kept by the premium seller. The risk of $3.67 would be incurred if the stock rose above the $205.00 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 61.81 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Home Depot

See what the IHS Markit Score report has to say about Home Depot Inc.
Mon, 25 Jun 2018 12:00:32 +0000
Home Depot Inc NYSE:HD

Renewed Focus on Profitability Bodes Well for Tesla Stock
Sat, 23 Jun 2018 20:17:32 +0000
If we sidestep the dramatic sabotage acts going on at Tesla Inc (NASDAQ:TSLA) right now, we run into the company’s recent solar news. While Tesla stock has been stampeding higher, fueled by a short squeeze, many are still questioning the automaker’s underlying fundamentals. Earlier this month, CEO Elon Musk announced that the company will layoff approximately 9% of its workforce.

Home Depot's $1.2 Billion Investment to Amazon-Proof Its Business
Sat, 23 Jun 2018 15:48:00 +0000
The home improvement retailer has thrived in recent years. But, far from resting, it has doubled down on building out its already impressive logistics infrastructure.

78,000 Werner Ladders Sold at Lowe’s and Home Depot Are Recalled
Fri, 22 Jun 2018 18:47:10 +0000
Consumers are warned to stop using the ladder.

Forget Amazon: Home Depot Is a Better Retail Value
Fri, 22 Jun 2018 17:33:00 +0000
The home improvement store has become a digital force in its own right.

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