Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $129.00 short put and a strike $124.00 long put offers a potential 23.15% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $129.00 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $4.06 would be incurred if the stock dropped below the $124.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Costco 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 Costco is bullish.
The RSI indicator is at 58.89 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 Costco
The holiday shopping wars has a new wrinkle
Fri, 24 Oct 2014 02:59:37 GMT
Talking Numbers – http://l.yimg.com/hv/api/res/1.2/9vpsfe6LVEp.U0rhxum37w–/YXBwaWQ9eWZpbmFuY2U7aD0zMTt3PTQy/http://l.yimg.com/os/en-US/video/video.pd2upload.com/video.tncnbc.com@ad467bfe-85e3-3407-bc79-209d8ed0ed67_FULL.jpg
Sam's Club: Case of soda, health insurance to go
Thu, 23 Oct 2014 20:51:40 GMT
Why Costco Pays Its Retail Employees $20 An Hour
Thu, 23 Oct 2014 20:15:00 GMT
Business Insider – Last week, we wrote about The Container Store…
Today's Market Thorns, Roses, and All Time Highs…
Wed, 22 Oct 2014 21:18:46 GMT
COSTCO WHOLESALE CORP /NEW Financials
Wed, 22 Oct 2014 17:04:08 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook