Home Depot’s most recent trend suggests a bearish bias. One trading opportunity on Home Depot is a Bear Call Spread using a strike $310.00 short call and a strike $315.00 long call offers a potential 73.01% 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 $310.00 by expiration. The full premium credit of $2.11 would be kept by the premium seller. The risk of $2.89 would be incurred if the stock rose above the $315.00 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 32.25 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
Top 5 Picks to Gain From Best Economic Rebound in 80 Years
Thu, 10 Jun 2021 10:54:10 +0000
we have narrowed down our search to five corporate giants that have provided better returns than the S&P 500 Index in the past three months. These are: HD, LOW, FDX, UPS and GM.
Is Home Depot Stock A Buy Right Now After Reporting Strong Earnings?
Wed, 09 Jun 2021 17:46:19 +0000
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?
Home Depot and Lowe’s have 30% share of a home improvement market that’s heading toward $1 trillion
Wed, 09 Jun 2021 15:53:00 +0000
Home Depot Inc. and Lowe’s Cos. are two of the biggest names in all of U.S. retail, but they only have about 30% market share in the category, according to data provided by Bank of America. Analysts led by Curtis Nagle say Home Depot (HD) and Lowe’s (LOW) “command about 17% and 12% market share, respectively, in what remains a relatively fragmented industry.” Bank of America expects the two companies to continue to make gains.
Here’s Why Home Depot (HD) Deserves a Place in Your Portfolio
Tue, 08 Jun 2021 15:52:03 +0000
Home Depot (HD) has been benefiting from the robust demand for home-improvement projects as well as robust housing trends. Strength in Pro and DIY product categories has been a key driver.
Who’s the Customer Home Depot Can’t Lose?
Tue, 08 Jun 2021 11:28:00 +0000
Home Depot (NYSE: HD) reported another blowout quarter in Q1 2021. Same-store sales jumped 31% from the prior-year period, and revenue totaled $37.5 billion. The company continues to benefit greatly from massive government stimulus, as well as increased consumer discretionary spending on home-improvement projects.
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