Home Depot (HD) Offering Possible 6.84% Return Over the Next 6 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 $187.50 short call and a strike $192.50 long call offers a potential 6.84% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $187.50 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock rose above the $192.50 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 36.99 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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Grady has not only regained its financial footing, it is also aggressively expanding its services and its physical presence.

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Thu, 07 Mar 2019 22:20:02 +0000
Can Home Depot and Lowe’s Stock Price Momentum Continue?(Continued from Prior Part)Home Depot’s SSSGHome Depot (HD) beat Lowe’s Companies’ (LOW) SSSG (same-store sales growth) in all four quarters of 2018. Home Depot posted SSSG of 4.2%,

Home Depot Beats Lowe’s Revenue Growth in 2018
Thu, 07 Mar 2019 20:50:02 +0000
Can Home Depot and Lowe’s Stock Price Momentum Continue?(Continued from Prior Part)Home Depot’s revenue growth In 2018, Home Depot (HD) posted revenue of $108.2 billion, which represents a rise of 7.2% from $100.9 billion in 2017. The revenue

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Our favorite stocks for dividend income are rebounding well after the 2018 correction.

Can Home Depot and Lowe’s Stock Price Momentum Continue?
Thu, 07 Mar 2019 19:17:38 +0000
Can Home Depot and Lowe’s Stock Price Momentum Continue?Home improvement sector Last year, home improvement retailers had a tough time. The SPDR S&P Homebuilders ETF (XHB) had fallen 26.5%. The higher interest rate, a weak housing market, and

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