Home Depot (HD) Offering Possible 73.01% Return Over the Next 7 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 $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.

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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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