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 12.99% return on risk over the next 27 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 $1.15 would be kept by the premium seller. The risk of $8.85 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 at 25.02 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Costco
Cramer explains how to handle Amazon-fueled market rotati…
Thu, 20 Jul 2017 22:32:00 +0000
Jim Cramer shares his advice for how investors should look at market rotations and stock declines happening because of Amazon.
Handling Amazon-fueled market rotations
Thu, 20 Jul 2017 22:17:00 +0000
Jim Cramer shares his advice for how investors should look at market rotations and stock declines happening because of Amazon.
Cramer explains how to handle Amazon-fueled market rotations
Thu, 20 Jul 2017 22:12:40 +0000
Jim Cramer shares his advice for how investors should look at market rotations and stock declines happening because of Amazon.
Citigroup sees slightly lower returns from branded cards business
Thu, 20 Jul 2017 17:14:23 +0000
Citigroup Inc trimmed its outlook on Friday for the profitability of its North American branded credit cards business to a 2.15 percent return on assets from 2.25 percent. Chief Financial Officer John Gerspach, speaking in a quarterly conference call with fixed income investors, said the revision is a result of changing interest rates and a greater portion of the business coming from its new Costco co-branded card. The Costco card, he said, is outperforming expectations and will bring in more revenue and income but with a lower return on assets.
Sears is going to sell Alexa-enabled appliances on Amazon; shares jump 19%
Thu, 20 Jul 2017 14:37:18 +0000
Sears announced plans to sell Kenmore-branded appliances on Amazon.com, which will feature special capabilities with Alexa.
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