Costco (COST) Offering Possible 23.46% Return Over the Next 23 Calendar Days

Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $235.00 short put and a strike $230.00 long put offers a potential 23.46% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $235.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock dropped below the $230.00 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 77.46 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

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LATEST NEWS for Costco

Costco vs. Sam's Club: What's the Difference?
Mon, 25 Mar 2019 09:16:24 +0000
Big retailers like Walmart Inc. (WMT) and Target Corp. (TGT) use low prices to draw in customers, but this is not a model that works for everyone. Other retailers must find different ways to drive consumers to their businesses. We see those that focus on healthy foods, locally grown or made products, specialty niche stores, those that only carry high-end brands, those that only carry low-end brands, and in the case of Costco Wholesale Corp. (COST) and Walmart unit Sam’s Club, those that only sell in bulk. Costco is considered the original bulk retailer.

4 Reasons to Not Renew Your Costco Membership
Sun, 24 Mar 2019 14:16:00 +0000
The chain can save you money — but only if you use your membership.

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The Costco Stock Juggernaut Can Keep Rolling Ahead, Analyst Says
Fri, 22 Mar 2019 16:11:00 +0000
Costco Wholesale stock has long been a standout in the retail space, and UBS says that trend shows no signs of slowing down.

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