Home Depot Inc. (HD) opened at 28.00. So far today, the stock has hit a low of 27.77 and a high of 28.79. HD is now trading at 28.24, down 0.21 (-0.75%). The stock hit its 52 week high of 42.01 in February and set its 52 week low of 27.77 today. HD has been slipping since the beginning of this year. Home Depot announced this morning its third-quarter profit fell nearly 27 percent to $1.09 billion, hurt by the slumping housing market. The company posted earnings of 59 cents a share on sales of $18.96 billion, missing analysts' expectations for earnings of 60 cents a shares on sales of $19.39 billion. Home Depot also cut its forecast for the year. Technical indicators for the stock are bearish and steady while S&P gives HD a very positive 5 STARS (out of 5) strong buy rating. If you’re looking for a hedged trade on this stock, consider a January bear-call credit spread above the $32.50 level. HD stock could rise up to 15.1% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]