Costco (COST) Offering Possible 14.42% Return Over the Next 3 Calendar Days

Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $235.00 short put and a strike $230.00 long put offers a potential 14.42% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $235.00 by expiration. The full premium credit of $0.63 would be kept by the premium seller. The risk of $4.37 would be incurred if the stock dropped below the $230.00 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 60.6 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

CLASS ACTION UPDATE for COST and RYAAY: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Sun, 11 Nov 2018 15:08:00 +0000
NEW YORK, Nov. 11, 2018 — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies..

Why Costco Is Up 27% in 2018
Sun, 11 Nov 2018 14:44:00 +0000
An industry rebound helped, but the warehouse retailer also made its own luck this year.

Why Target Stock Is Up 31% in 2018
Sat, 10 Nov 2018 15:33:00 +0000
The key to the retailer's share price rebound this year can be found in its outperformance in one vital metric.

See what the IHS Markit Score report has to say about Costco Wholesale Corp.
Sat, 10 Nov 2018 13:00:13 +0000
Costco Wholesale Corp NASDAQ/NGS:COST

Dan Loeb's Third Point discloses American Express stake, sees 30% upside
Fri, 09 Nov 2018 20:00:42 +0000
He sees a $135 share price.

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