Home Depot (HD) Offering Possible 65.56% Return Over the Next 7 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 $215.00 short call and a strike $220.00 long call offers a potential 65.56% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $215.00 by expiration. The full premium credit of $1.98 would be kept by the premium seller. The risk of $3.02 would be incurred if the stock rose above the $220.00 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 32.95 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’s investment plan weighs on fiscal 2020 outlook
Wed, 11 Dec 2019 21:29:00 +0000
Home Depot disappointed with its fiscal 2020 guidance, which analysts say is impacted by its own investments and outside factors.

Home Depot Slips On Second Warning In A Month As Payoff On This Bet Unclear
Wed, 11 Dec 2019 21:25:12 +0000
Home Depot stock slipped after the firm forecast fiscal 2020 sales growth below Wall Street expectations, less than a month after cutting 2019 views.

US STOCKS-Wall St posts modest gain as Fed signals rates to hold for some time
Wed, 11 Dec 2019 21:23:18 +0000
Wall Street's main stock indexes ended modestly higher on Wednesday after the U.S. Federal Reserve held interest rates steady and signaled that borrowing costs are likely to remain unchanged indefinitely. After cutting rates three times earlier this year, the Fed left its benchmark rate at the target range of between 1.50% and 1.75%, a decision that was widely expected.

Atlanta United signs 16-year-old esports phenom
Wed, 11 Dec 2019 19:46:09 +0000
Atlanta United made a big splash in the esports world. The Major League Soccer club announced on Wednesday that it signed Paulo Neto for the 2020 eMLS season which starts next month. The 16-year old Brazilian is currently the No.4-ranked FIFA 2020 player in the world on Playstation 4.

Dow Jones Joins Stock Market Rally After Fed Signals No Rate Cuts Next Year
Wed, 11 Dec 2019 19:20:12 +0000
The Dow Jones Industrial Average erased its losses after the Fed left rates unchanged, as expected, and signaled it may hold rates steady through 2020.

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