Costco (COST) Offering Possible 20.63% Return Over the Next 6 Calendar Days

Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $575.00 short put and a strike $565.00 long put offers a potential 20.63% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $575.00 by expiration. The full premium credit of $1.71 would be kept by the premium seller. The risk of $8.29 would be incurred if the stock dropped below the $565.00 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 75.84 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

Should You Buy Costco Stock Right Now?
Thu, 07 Apr 2022 11:45:00 +0000
Costco (NASDAQ: COST) has a reputation for delivering excellent value to customers. Similarly, Costco's stock has delivered exceptional value to shareholders, up 62% in the last year and 548% in the previous decade, before dividends. There are scarce investors who would not be happy with the return Costco has delivered.

Costco sales rise nearly 19% in March
Wed, 06 Apr 2022 20:36:20 +0000
Costco Wholesale Corp. said late Wednesday its March sales rose 18.7% to $21.61 billion, from $18.21 billion in March 2021. Comparable-store sales rose 17.2%, including a 19.1% increase in same-store sales in the U.S., Costco said. The five-week March retail month had one extra shopping day, which helped total and comparable-store sales by about 1.5% to 2%, the retailer said. Shares of Costco edged higher in the extended session Wednesday after ending the regular trading day up 1.7%.

Costco Wholesale Corporation Reports March Sales Results
Wed, 06 Apr 2022 20:15:00 +0000
ISSAQUAH, Wash., April 06, 2022 (GLOBE NEWSWIRE) — Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $21.61 billion for the retail month of March, the five weeks ended April 3, 2022, an increase of 18.7 percent from $18.21 billion last year. For the thirty-one weeks ended April 3, 2022, the Company reported net sales of $130.00 billion, an increase of 16.7 percent from $111.37 billion during the similar period last year. Comparable sales were as

1 Green Flag for Costco in 2022, and 1 Red Flag
Wed, 06 Apr 2022 15:07:00 +0000
Costco Wholesale (NASDAQ: COST) has been on fire ever since the onset of the pandemic. It hardly appears that anything could be a red flag for the thriving retailer. But its excellent performance is reflected in its stock price, which is meaningfully more expensive than its brick-and-mortar rivals.

Here’s Why You Should Remain Confident with Your Costco (COST) Shares
Wed, 06 Apr 2022 13:58:16 +0000
ClearBridge Investments, an investment management firm, published its “Sustainability Leaders Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Sustainability Leaders Strategy outperformed its Russell 3000 Index benchmark during the fourth quarter. On an absolute basis, the Strategy had gains in nine of 10 sectors in which […]

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