Home Depot (HD) Offering Possible 17.37% Return Over the Next 7 Calendar Days

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Home Depot’s most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $237.50 short put and a strike $232.50 long put offers a potential 17.37% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $237.50 by expiration. The full premium credit of $0.74 would be kept by the premium seller. The risk of $4.26 would be incurred if the stock dropped below the $232.50 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 64.24 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Home Depot

Home Depot (HD) Prepares for Spring by Hiring 80K Workers
Wed, 12 Feb 2020 14:00:02 +0000
Home Depot (HD) plans to hire more than 80,000 workers as part of preparations for the spring season.

Home Depot (HD) Outpaces Stock Market Gains: What You Should Know
Tue, 11 Feb 2020 22:45:10 +0000
In the latest trading session, Home Depot (HD) closed at $241.64, marking a +0.43% move from the previous day.

S&P, Nasdaq eke out record closes as coronavirus worries ease
Tue, 11 Feb 2020 21:30:00 +0000
The S&P 500 and Nasdaq notched record closes on Tuesday, but the Dow finished virtually unchanged. Investors attributed optimism surrounding equities to signs of a slowdown of new cases of COVID-19 in China, while the top Federal Reserve chief said the central bank is monitoring the economic impact of the viral outbreak. The S&P 500 (SPX) advanced 5.66 points, or 0.2%, to 3,357.75, and the Nasdaq Composite Index (COMP) rose 10.55 points, or 0.1%, to finish at 9,638.94, with both indexes notching all-time closing highs.

Greenwich Capital Commercial Funding Corp., 2006-GG7 — Moody’s downgrades three classes and affirms two classes of GCCFC 2006-GG7
Tue, 11 Feb 2020 17:02:16 +0000
The rating on Cl. A-M was downgraded due to the deal’s exposure to specially serviced and previously modified loans and Moody’s concerns of potential interest shortfalls. The ratings on the P&I classes, C and D, were affirmed because the ratings are consistent with Moody’s expected loss. Moody’s rating action reflects a base expected loss of 41.7% of the current pooled balance, compared to 36.9% at Moody’s last review.

Home Depot bumps Atlanta seasonal hiring goal, sets target above rival Lowe’s
Tue, 11 Feb 2020 16:32:36 +0000
Home Depot says it’s looking to hire from all stages of life — from students to parents to retirees looking for second careers.

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