Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $170.00 short put and a strike $160.00 long put offers a potential 10.5% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $9.05 would be incurred if the stock dropped below the $160.00 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 above 80 which suggests that the stock is in overbought territory.
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
This Is the Biggest Risk Facing Costco
Fri, 17 Feb 2017 13:58:00 GMT
Costco in Miami-Dade could be replaced by health care campus
Thu, 16 Feb 2017 16:45:09 GMT
Costco's (COST) Strategic Endeavors Bode Well
Wed, 15 Feb 2017 22:11:10 GMT
Sam’s Club vs Costco vs BJ’s: Which Is The Best?
Wed, 15 Feb 2017 14:00:48 GMT
2 More Wall Street Pros Check In on Costco Stock
Mon, 13 Feb 2017 14:17:00 GMT
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