Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $142.00 short put and a strike $137.00 long put offers a potential 22.55% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $142.00 by expiration. The full premium credit of $0.92 would be kept by the premium seller. The risk of $4.08 would be incurred if the stock dropped below the $137.00 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 50.53 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
COSTCO WHOLESALE CORP /NEW Financials
Thu, 25 Dec 2014 18:04:09 GMT
Holiday Buying Frenzy Goes Down To The Wire
Wed, 24 Dec 2014 20:35:00 GMT
Investor's Business Daily – Plenty of holiday shoppers are waiting until the last minute to buy their Christmas gifts, according to a report by the International Council of Shopping Centers (ICSC). “Consumers are further behind …
It's a wrap! Retailers prep final hours of holiday shoppi…
Wed, 24 Dec 2014 11:33:00 GMT
Cramer: These Stocks Are Winners
Wed, 24 Dec 2014 00:00:00 GMT
10-Q for Costco Wholesale Corp.
Sun, 21 Dec 2014 00:07:40 GMT
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