Costco (COST) Offering Possible 10.74% Return Over the Next 28 Calendar Days

Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $150.00 short put and a strike $140.00 long put offers a potential 10.74% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $150.00 by expiration. The full premium credit of $0.97 would be kept by the premium seller. The risk of $9.03 would be incurred if the stock dropped below the $140.00 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 76.56 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

Costco Will Save Millions With Visa Card Switch, Analysts Say
Thu, 16 Jun 2016 20:12:00 GMT

What you need to know about the Costco credit card switch
Thu, 16 Jun 2016 19:28:09 GMT

Switch to Visa Cards Should Save Costco Millions, Analysts Say
Thu, 16 Jun 2016 18:12:00 GMT

Costcoas Declining Comps: Signs of Trouble or External Factors at Play?
Thu, 16 Jun 2016 16:45:20 GMT

Costco: Yet Another Retailer Pressured by Amazon? (COST, AMZN)
Thu, 16 Jun 2016 15:00:00 GMT

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