Home Depot (HD) Offering Possible 8.46% Return Over the Next 14 Calendar Days

Home Depot's most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $150.00 short put and a strike $145.00 long put offers a potential 8.46% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $150.00 by expiration. The full premium credit of $0.39 would be kept by the premium seller. The risk of $4.61 would be incurred if the stock dropped below the $145.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Home Depot is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Home Depot is bullish.

The RSI indicator is at 37.26 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

Market seems unfazed by plunges in autos, retail
Wed, 05 Jul 2017 23:13:00 +0000
Jim Cramer explains why the market is looking past dramatic declines in the auto and retail sectors.

Cramer: Why the rest of the market seems unfazed by plung…
Wed, 05 Jul 2017 22:30:00 +0000
Jim Cramer explains why the market is looking past dramatic declines in the auto and retail sectors.

Bed Bath & Beyond Stock: Now Too Cheap to Ignore?
Wed, 05 Jul 2017 20:41:00 +0000
With its shares down year to date following poor earnings, Bed Bath & Beyond could be a compelling opportunity for value investors.

Lowe’s Valuation Multiple Compared to Its Peers
Tue, 04 Jul 2017 11:36:42 +0000
Lower-than-expected 1Q17 earnings and unfavorable macroeconomic indicators made investors skeptical about Lowe's future earnings.

Better Buy: Home Depot, Inc. vs. Lowe's
Mon, 03 Jul 2017 23:05:00 +0000
Why Home Depot might be worth the premium over its home-improvement rival.

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