Home Depot (HD) Offering Possible 5.71% Return Over the Next 8 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 $90.00 short call and a strike $95.00 long call offers a potential 5.71% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock rose above the $95.00 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 41.57 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

[$$] Home Depot Upped Defenses, But Hacker Moved Faster
Sat, 13 Sep 2014 11:05:42 GMT
The Wall Street Journal – Retailer Home Depot immediately launched a review of its computer defenses after news reports of Target's data breach, but the months of reviews and testing left time for a hacker to penetrate its systems….

Former Home Depot Managers Depict ‘C-Level' Security Before the Hack
Fri, 12 Sep 2014 23:52:37 GMT
BusinessWeek – How obsolete security software and high employee turnover may have left Home Depot vulnerable to hackers

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Fri, 12 Sep 2014 22:55:33 GMT

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Fri, 12 Sep 2014 22:02:58 GMT

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Fri, 12 Sep 2014 22:02:58 GMT

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