Home Depot (HD) Offering Possible 38.5% Return Over the Next 14 Calendar Days

Home Depot's most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $182.50 short put and a strike $177.50 long put offers a potential 38.5% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $182.50 by expiration. The full premium credit of $1.39 would be kept by the premium seller. The risk of $3.61 would be incurred if the stock dropped below the $177.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Home Depot is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Home Depot is bullish.

The RSI indicator is at 74.31 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

Is Home Depot, Inc. (HD) a Buy?
Tue, 01 May 2018 15:05:00 +0000
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The Home Depot to Host First Quarter 2018 Earnings Conference Call on May 15
Tue, 01 May 2018 12:00:00 +0000
ATLANTA , May 1, 2018 /PRNewswire/ — The Home Depot ® , the world's largest home improvement retailer, announced today that it will hold its First Quarter 2018 Earnings Conference Call on Tuesday, May …

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The U.S. housing market continues to perform well despite the rising interest rate environment. Investors may still have an opportunity to jump aboard home improvement stocks.

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Sat, 28 Apr 2018 15:47:00 +0000
It's a huge business already, but the home improvement retailer has what it takes to deliver market-beating returns.

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