Home Depot (HD) Offering Possible 44.93% Return Over the Next 28 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 $360.00 short call and a strike $370.00 long call offers a potential 44.93% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $360.00 by expiration. The full premium credit of $3.10 would be kept by the premium seller. The risk of $6.90 would be incurred if the stock rose above the $370.00 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 44.8 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

Retail sales point to ‘overall strength’ of U.S. consumers, economist says
Wed, 16 Feb 2022 16:24:28 +0000
PNC Financial Services Group Chief Economist Gus Faucher joins Yahoo Finance Live to discuss the outlook for the U.S. consumer after January's retail sales report exceeded estimates.

What in Store for Retail ETFs in Big-Box Q4 Earnings?
Wed, 16 Feb 2022 16:10:04 +0000
With the earnings season coming to an end, about 56% of the companies in the sector are yet to report, putting the traditional retail ETFs in focus.

The Home Depot Proudly Sponsors the Inaugural HBCU Legacy Bowl
Wed, 16 Feb 2022 15:20:09 +0000
James “Shack” Harris and Doug Williams, two of the co-founders of the Black College Football Hall of Fame, wanted to address a major issue: football players from Historically Black Colleges and Uni…

Retail sales show ‘pandemic is still on consumers' minds,’ analyst says
Wed, 16 Feb 2022 14:30:42 +0000
Refinitiv Director of Consumer Research Jharonne Martis joins Yahoo Finance Live to discuss the rise in retail sales for the month of January.

Billionaire Richard Chilton is Dumping These 10 Stocks
Tue, 15 Feb 2022 21:09:51 +0000
In this article, we will be looking at the 10 stocks that are being dumped by billionaire investor Richard Chilton. If you want to skip our detailed analysis of these stocks, Mr. Chilton’s investment philosophy, and Chilton Investment Company’s history and past performance, you can head directly to Billionaire Richard Chilton is Dumping These 5 […]

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