Costco (COST) Offering Possible 24.69% Return Over the Next 8 Calendar Days

Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $372.50 short put and a strike $367.50 long put offers a potential 24.69% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $372.50 by expiration. The full premium credit of $0.99 would be kept by the premium seller. The risk of $4.01 would be incurred if the stock dropped below the $367.50 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 51.89 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

3 Things to Expect from Costco in 2021
Tue, 05 Jan 2021 13:30:00 +0000
Costco (NASDAQ: COST) seems to find ways to succeed regardless of the selling environment. The world's second-biggest retailer strengthened its connection with members around the world in 2020 as spending habits swung dramatically between categories like consumer staples, home furnishings, and discretionary products.

3 Top Retail Stocks to Buy Now
Tue, 05 Jan 2021 12:25:00 +0000
Store closures throughout the pandemic pushed many struggling retailers over the edge, but companies with naturally resistant business models and well-developed digital channels easily weathered the storm. LVMH (OTC: LVMUY), the world's largest luxury company, owns 75 well-known brands spread across five main business segments — fashion and leather goods, selective retailing, perfumes and cosmetics, wines and spirits, and watches and jewelry. LVMH's most well-known brands include Louis Vuitton, Dior, Sephora, Bulgari, Moët & Chandon, and Hennessy.

10 Top Stocks That Will Make You Richer in 2021
Tue, 05 Jan 2021 10:51:00 +0000
As we push forward into 2021, the following 10 top stocks should give investors the best opportunity to end the year in the profit column. As the young bull market finds its legs and the U.S. economy continues to rebound from the worst recession in decades, payment processor Visa (NYSE: V) should thrive. Visa benefits when business and consumers spend more.

Costco, Walgreens, Constellation, and Other Stocks to Watch This Week
Mon, 04 Jan 2021 12:35:00 +0000
December jobs data, Fed minutes, and the Georgia special Senate elections will also be in the spotlight.

Fashion Companies’ Legal Issues and Cases in 2021
Mon, 04 Jan 2021 05:01:34 +0000
Fashion companies eye changes in intellectual property law and shifts in enforcement in the areas of privacy and sustainability.

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