Home Depot (HD) Offering Possible 7.99% 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 $157.50 short call and a strike $162.50 long call offers a potential 7.99% 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 $157.50 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock rose above the $162.50 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 40.73 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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It was a packed house at Hong Kong’s Asia Society as the smart money pitched their best ideas to the Sohn Hong Kong conference. First to the speakers’ podium was Seth Fischer of Oasis Management. A veteran investor in Japanese stocks, Fischer argued the case for buying Sony (6758.JP) shares.

It’s tough to be a retailer — but this store and its stock are up
Wed, 07 Jun 2017 23:08:49 +0000
The company’s stock was is up more than 12 percent in early Wednesday trading at $20.71 after the earnings report. Macy’s Inc. (NYSE: M) saw its stock sink Tuesday after its CFO said the department store was having challenges with year-over-year sales margins. A number of others retailers — including Michael Kors (KORS), Rue21, Bebe Stores Inc. (BEBE) and Banana Republic — have also been closing stores.

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Wed, 07 Jun 2017 16:44:00 +0000
Bricks-and-mortar retail stocks are getting crushed as a group — but these three are ready to charge higher.

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