Costco (COST) Offering Possible 18.76% Return Over the Next 13 Calendar Days

Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $187.50 short put and a strike $182.50 long put offers a potential 18.76% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $187.50 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock dropped below the $182.50 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 51.94 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

Brawk! Rotisserie Chickens Get Off The Spit
Thu, 04 Jan 2018 23:52:00 +0000
Americans buy 600 million rotisserie chickens a year.

Costco Beats Competition, Reports Strong Sales in December
Thu, 04 Jan 2018 22:24:53 +0000
Costco’s (COST) comps rose 11.5% for the five-week period ended December 31, 2017. Regionally, the company’s comps improved 10.5% in the US and 11.9% in Canada.

Even These Blowout Holiday Sales Aren't Enough To Cheer Investors
Thu, 04 Jan 2018 21:05:35 +0000
Unhappy holidays? A couple of major department stores announced surprisingly positive sales for November and December, but Wall Street isn't having it.

6 Quality Stocks in Gurus” Portfolios
Thu, 04 Jan 2018 20:04:38 +0000
Bank of Nova Scotia, Comcast top the list

Costco Announces Sales Results for December
Thu, 04 Jan 2018 16:22:03 +0000
The retailer reported year-over-year increases in net and comp sales

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