Home Depot (HD) Offering Possible 36.99% 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 $280.00 short call and a strike $285.00 long call offers a potential 36.99% 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 $280.00 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock rose above the $285.00 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 51.01 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

4 Retail Giants Likely to Gain on Earnings Results This Week
Mon, 16 Nov 2020 10:12:10 +0000
Four retail giants are likely to beat on earnings this week. These are Walmart (WMT), Home Depot (HD), Lowe's (LOW) and Target (TGT).

Stock Futures Rise Ahead of Big Box Retailers’ Earnings Reports
Mon, 16 Nov 2020 00:16:00 +0000
U.S. equity futures were rising Sunday evening ahead of a slew of retail earnings reports, despite the ongoing surge in Covid-19 cases.

Nvidia, Walmart, Home Depot, Cummins, and Other Stocks for Investors to Watch This Week
Sun, 15 Nov 2020 20:00:00 +0000
Retailers including Home Depot, Walmart, Target, TJX, and Lowe’s all report this week. Plus, investor days from Johnson & Johnson, Cummins, and Liberty Media companies.

3 Things to Watch in the Stock Market This Week
Sun, 15 Nov 2020 17:35:00 +0000
Several retailing giants will announce operating results over the next few trading days, including Walmart (NYSE: WMT), Home Depot (NYSE: HD), and BJ's Wholesale Club (NYSE: BJ). Walmart announces its results on Tuesday, and investors are expecting big things from the world's top retailer. Walmart took advantage of that approach in Q2, with comparable-store sales rising 9% in the U.S. market as e-commerce roughly doubled.

Walmart, Home Depot Among Top 5 Earnings Reports in Week Ahead
Sun, 15 Nov 2020 14:30:00 +0000
Big-box retailers highlight the list of S&P; 500 companies set to report their latest financial results.

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