Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $150.00 short put and a strike $145.00 long put offers a potential 19.33% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $150.00 by expiration. The full premium credit of $0.81 would be kept by the premium seller. The risk of $4.19 would be incurred if the stock dropped below the $145.00 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 38.5 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Costco
Retail giant Costco in Masters bid-group: Source
Wed, 20 Apr 2016 06:57:52 GMT
These 2 Factors Could Crush American Express’s Earnings
Tue, 19 Apr 2016 21:00:40 GMT
Costco changes stance on pension, Teamsters recommends new contract
Tue, 19 Apr 2016 18:49:29 GMT
Costco, Wal-Mart & Target: Where are the Catalysts?
Tue, 19 Apr 2016 16:43:00 GMT
Teamsters recommends members approve new Costco contract
Tue, 19 Apr 2016 16:34:29 GMT
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