Home Depot (HD) Offering Possible 42.45% Return Over the Next 13 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 $202.50 short call and a strike $207.50 long call offers a potential 42.45% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $202.50 by expiration. The full premium credit of $1.49 would be kept by the premium seller. The risk of $3.51 would be incurred if the stock rose above the $207.50 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 60.53 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

Tesla, Home Depot tie-in’s success will hinge on consistency: report
Thu, 01 Feb 2018 19:34:53 +0000
Tesla plans to roll out sales spaces at Home Depot stores, increasing its visibility, but fulfilling customers’ expectations will be key, analysts at Consumer Edge say in a note.

Motley Fool ETF Looks to Buy-Rated Fare
Thu, 01 Feb 2018 18:05:57 +0000
Motley Fool Asset Management launched its first exchange traded fund Tuesday with the debut of the Motley Fool 100 ETF (Cboe:TMFC). The new ETF tracks the Motley Fool 100 index. That benchmark is cap-weighted …

Tesla to set up mini solar stores inside Home Depot
Thu, 01 Feb 2018 16:45:46 +0000
Tesla is expanding its solar division across Home Depot's stores.

Tesla Expands Sales of Solar Gear at Home Depot
Thu, 01 Feb 2018 15:52:56 +0000
Tesla Inc. is planning a major expansion of its solar division at Home Depot Inc., embarking on a critical test of the mainstream appeal of its renewable-energy products.

Lowe's to give some employees bonuses of up to $1,000 and expand benefits due to tax reform
Wed, 31 Jan 2018 22:31:36 +0000
Lowe's will follow rival Home Depot in giving thousands of its hourly employees a one-time bonus of up to $1,000 due to new tax legislation.

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