Costco (COST) Offering Possible 17.37% Return Over the Next 26 Calendar Days

Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $129.00 short put and a strike $124.00 long put offers a potential 17.37% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $129.00 by expiration. The full premium credit of $0.74 would be kept by the premium seller. The risk of $4.26 would be incurred if the stock dropped below the $124.00 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 65.28 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Costco

Why Costco Pays Its Retail Employees $20 An Hour
Thu, 23 Oct 2014 20:15:00 GMT
Business Insider – Last week, we wrote about The Container Store…

Today's Market Thorns, Roses, and All Time Highs…
Wed, 22 Oct 2014 21:18:46 GMT

COSTCO WHOLESALE CORP /NEW Financials
Wed, 22 Oct 2014 17:04:08 GMT

Container Store pays workers on average $50,000
Fri, 17 Oct 2014 19:26:39 GMT
USA TODAY – Container Store employees are paid more than double the national average salary for retail workers.

Costco's liquor licence request knocked back by Adelaide court ahead of expansion into SA
Fri, 17 Oct 2014 03:22:39 GMT
ABC – American retail giant Costco has hit a hurdle in its Australian expansion, with a court knocking back its application for a licence to sell liquor at its first Adelaide outlet. Costco applied for a Special Circumstances liquor licence instead of a normal merchant's licence because, unlike other bottle-shops, it sold to paying members and is not open to the general public. Costco's liquor licence application was opposed by a competing bottleshop and two nearby hotels. He said granting Costco a Special Circumstances licence would have been a “concern” since it would enable the retailer “to sell liquor for off-licence consumption to a limited section of the public”.

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