Costco (COST) Offering Possible 12.61% 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 $180.00 short put and a strike $175.00 long put offers a potential 12.61% 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 $180.00 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $4.44 would be incurred if the stock dropped below the $175.00 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

Four Unexpected Businesses Amazon Could Soon Dominate
Tue, 06 Jun 2017 18:20:00 +0000
With Amazon’s stock at all-time highs, analysts are engaging in thought exercises to justify the company’s valuation. Maxim Group analyst Tom Forte envisions a future in which a network of Amazon gas stations serve Amazon Prime members — similar to what Costco members get today. More than just a place to refuel, however, Amazon gas stations could act as additional physical locations for customers to pick up and return merchandise or groceries they order online.

Amazon is going after Walmart with cheaper Prime rates for some shoppers
Tue, 06 Jun 2017 14:12:52 +0000
Amazon is going after Walmart in a war to win over low-income shoppers. On…

Strong Conductor and Gravity Anomalies Identified on Forum Uranium's Costco Trend near Key Lake
Tue, 06 Jun 2017 13:00:00 +0000
Vancouver, British Columbia–(Newsfile Corp. – June 6, 2017) – Forum Uranium Corp. (TSXV: FDC) ("Forum") announces the completion of a ground electro-magnetic (EM) survey and ground gravity geophysical program on its 100% owned Costco property (formerly the Key Lake Road Project). These surveys, which have identified several areas of interest for future drilling (See Figures 1 & 2), are part of Forum's continuing efforts to have all its major exploration projects drill ready for the …

Factors That May Propel Costco (COST) to Achieve New Highs
Tue, 06 Jun 2017 11:20:11 +0000
Costco (COST) seems to be unfazed by tough retail scenario. Costco looks much more disciplined in its approach to adapt to the changing retail landscape.

ETFs with exposure to Costco Wholesale Corp. : June 5, 2017
Mon, 05 Jun 2017 18:10:08 +0000
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Costco Wholesale Corp. Here are 5 ETFs with the largest exposure to COST-US. Comparing the performance and risk of Costco Wholesale Corp. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker … Read more
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