Home Depot (HD) Offering Possible 40.25% Return Over the Next 30 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 $315.00 short call and a strike $325.00 long call offers a potential 40.25% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $315.00 by expiration. The full premium credit of $2.87 would be kept by the premium seller. The risk of $7.13 would be incurred if the stock rose above the $325.00 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 37.68 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 Stock A Buy Right Now After Reporting Strong Earnings?
Mon, 14 Jun 2021 20:45:19 +0000
Home Depot is one of the biggest companies in the United States and a stock leader on the Dow Jones industrials, but is Home Depot stock a buy right now?

Do Hedge Funds Love The Home Depot, Inc. (HD)?
Mon, 14 Jun 2021 19:19:28 +0000
We at Insider Monkey have gone over 866 13F filings that hedge funds and prominent investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of March 31st. In this article, we look at what those funds think of The Home Depot, Inc. (NYSE:HD) based on […]

Why Home Depot (HD) Stock Might be a Great Pick
Mon, 14 Jun 2021 12:48:12 +0000
Home Depot (HD) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

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Mon, 14 Jun 2021 11:51:11 +0000
The Zacks Analyst Blog Highlights: Target, Ulta Beauty, Home Depot, Tapestry and Five Below

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