Home Depot (HD) Offering Possible 51.52% Return Over the Next 21 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 $322.50 short call and a strike $327.50 long call offers a potential 51.52% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $322.50 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $3.30 would be incurred if the stock rose above the $327.50 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 57.31 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

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Got $1,000? Then Consider This Cheap Stock
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In a market reaching record highs, it's wise to take action if you find an attractive opportunity.

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Tue, 27 Apr 2021 15:30:03 +0000
Is (HD) Outperforming Other Retail-Wholesale Stocks This Year?

Is Home Depot Stock A Buy Right Now? Here's What Earnings, Charts Show
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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?

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