Costco (COST) Offering Possible 10.86% Return Over the Next 32 Calendar Days

Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $155.00 short put and a strike $145.00 long put offers a potential 10.86% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $0.98 would be kept by the premium seller. The risk of $9.02 would be incurred if the stock dropped below the $145.00 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 77.36 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

12 Things You Should Know About Shopping at Costco
Sat, 17 Dec 2016 15:10:08 GMT

Costco Rewards Card Offers What People Want
Fri, 16 Dec 2016 15:11:00 GMT

2 Stocks With Better Dividends Than Costco Wholesale Corporation
Fri, 16 Dec 2016 14:02:00 GMT

1 Number That Shows It's Time to Sell Costco Stock
Fri, 16 Dec 2016 13:53:00 GMT

Post Earnings Coverage as Ollie's Bargain Outlet Q3 Net Income Topped Expectations with 54.7% Y-o-Y Growth
Fri, 16 Dec 2016 13:15:00 GMT
Accesswire – Upcoming AWS Coverage on Costco Wholesale Post-Earnings Results LONDON, UK / ACCESSWIRE / December 16, 2016 / Active Wall St. announces its post-earnings coverage on Ollie's Bargain Outlet Holdings, Inc. …

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