Home Depot (HD) Offering Possible 37.36% Return Over the Next 15 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 $232.50 short call and a strike $237.50 long call offers a potential 37.36% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $232.50 by expiration. The full premium credit of $1.36 would be kept by the premium seller. The risk of $3.64 would be incurred if the stock rose above the $237.50 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 36.71 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

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United Technologies, Nike share gains contribute to Dow's 67-point jump
Tue, 03 Mar 2020 15:46:00 +0000
Buoyed by strong returns for shares of United Technologies and Nike, the Dow Jones Industrial Average is up Tuesday morning. Shares of United Technologies (UTX) and Nike (NKE) have contributed to the index's intraday rally, as the Dow (DJIA) was most recently trading 67 points, or 0.3%, higher. United Technologies's shares are up $2.83 (2.1%) while those of Nike are up $1.90, or 2.0%, combining for an approximately 32-point bump for the Dow.

High-fives, hugs, kisses discouraged as U.S. companies respond to growing coronavirus threat
Tue, 03 Mar 2020 11:00:00 +0000
As news broke of more cases of coronavirus spreading across the United States, T-Mobile had a novel response to the threat: fewer hugs, kisses or high-fives. Hollywood executives are reconsidering red carpet premiers; CNN head Jeff Zucker is personally reviewing intercontinental travel. Facebook Inc is going so far as to take the “social” out of social media and has banned non-business visitors to its offices.

Coronavirus update: 89,254 cases, 3,048 deaths, worries about health care workers in Washington
Mon, 02 Mar 2020 18:39:00 +0000
The U.S. now has reported multiple instances of probable community transmission of COVID-19 and the nation’s first deaths from the novel coronavirus.

Home Depot Stock Rises 5%
Mon, 02 Mar 2020 15:56:00 +0000
Investing.com – Home Depot (NYSE:HD) Stock rose by 5.13% to trade at $229.24 by 15:54 (20:54 GMT) on Monday on the NYSE exchange.

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