Costco (COST) Offering Possible 11.36% Return Over the Next 24 Calendar Days

Costco's most recent trend suggests a bearish bias. One trading opportunity on Costco is a Bear Call Spread using a strike $155.00 short call and a strike $165.00 long call offers a potential 11.36% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $155.00 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $8.98 would be incurred if the stock rose above the $165.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Costco is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Costco is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold 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

What Does Amazon Want With Costco's Kirkland Signature Private Label?
Sun, 23 Jul 2017 23:00:00 +0000
Stranger things have happened in the battle for online retail market share.

3 Stocks That Amazon Can't Stop
Sun, 23 Jul 2017 16:02:00 +0000
The e-commerce giant has disrupted many a business, but here are three it can't touch.

Amazon Can't Be Dethroned by Any Company Alive: Ex-Amazon Exec
Sun, 23 Jul 2017 12:21:00 +0000
This former Amazon executive says people should embrace Amazon, not fear it.

Industry Focus Mailbag — A Look at Buckle Inc and Kirkland Signature
Sat, 22 Jul 2017 19:10:00 +0000
The cast fields listener questions to dig into the outlook for mall-based apparel chain Buckle before exploring the $30 billion private label brand, Kirkland Signature.

Ex-Amazon Exec: Here's Why Costco Should Team Up With Facebook or Google
Sat, 22 Jul 2017 14:00:00 +0000
‘Costco is doing well now, but what about ten years from now?'

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