Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $165.00 short put and a strike $155.00 long put offers a potential 14.29% 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 $165.00 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $8.75 would be incurred if the stock dropped below the $155.00 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 23.44 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
I bought a Costco vacation — here's why the retailer has completely changed how I book travel
Sat, 18 Mar 2017 12:54:00 GMT
What Is Costco's Competitive Advantage?
Fri, 17 Mar 2017 18:35:00 GMT
This Category Has Given Costco a Big Boost
Fri, 17 Mar 2017 17:45:02 GMT
Post Earnings Coverage as Costco's Numbers Missed Expectations; Announced Membership Price Increase
Fri, 17 Mar 2017 12:15:00 GMT
Accesswire – Upcoming AWS Coverage on Burlington Stores Post-Earnings Results LONDON, UK / ACCESSWIRE / March 17, 2017 / Active Wall St. announces its post-earnings coverage on Costco Wholesale Corp. (NASDAQ: COST …
Costco’s Private-Label Booze Helps Warm Spirits During Dry Spell
Thu, 16 Mar 2017 09:00:00 GMT
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