Home Depot’s most recent trend suggests a bearish bias. One trading opportunity on Home Depot is a Bear Call Spread using a strike $185.00 short call and a strike $190.00 long call offers a potential 9.65% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $185.00 by expiration. The full premium credit of $0.44 would be kept by the premium seller. The risk of $4.56 would be incurred if the stock rose above the $190.00 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 below 20 which suggests that the stock is in oversold territory.
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 versus Lowe’s: Who Wins in Terms of Valuation?
Mon, 11 Mar 2019 11:30:43 +0000
Can Home Depot and Lowe’s Stock Price Momentum Continue?(Continued from Prior Part)Home Depot’s valuation multiple The strengthening broader equity market in 2019 has increased Home Depot’s (HD) stock price, which has raised its valuation
Modern policing: Algorithm helps NYPD spot crime patterns
Sun, 10 Mar 2019 18:24:13 +0000
When a syringe-wielding drill thief tried sticking up a Home Depot near Yankee Stadium, police figured out quickly that it wasn’t a one-off. A man had also used a syringe a few weeks earlier while stealing a drill at another Home Depot 7 miles (11 kilometers) south in Manhattan. It was done by pattern-recognition computer software developed by the New York Police Department.
3 Ways Lowe’s Is Still a Work In Progress
Sun, 10 Mar 2019 16:16:00 +0000
Lowe’s new management team is undertaking more than a few renovation projects, but it still has a way to go before it’s the envy of the home improvement neighborhood.
The “One” Thing Home Depot Investors Need to Know
Sat, 09 Mar 2019 00:47:00 +0000
The home improvement giant continues to invest heavily in its stores and online experiences, championing a true omnichannel retail approach.
New Money Is Driving a Revival in Detroit. Can It Stick?
Fri, 08 Mar 2019 20:18:00 +0000
Thanks to Dan Gilbert of Quicken Loans and other investors, there is a revitalization in the downtown, and startups are flourishing. Will higher interest rates and an auto slowdown stall the momentum?
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