Costco (COST) Offering Possible 24.38% Return Over the Next 29 Calendar Days

Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $165.00 short put and a strike $160.00 long put offers a potential 24.38% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $0.98 would be kept by the premium seller. The risk of $4.02 would be incurred if the stock dropped below the $160.00 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 23.12 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

How Target’s Sales Are Trending
Wed, 22 Mar 2017 19:36:00 GMT

Why Costco Is Expanding Its Home Delivery Service
Wed, 22 Mar 2017 17:38:00 GMT

Costco Wholesale Corp. : COST-US: Dividend Analysis : February 10th, 2017 (record date) : By the numbers : March 22, 2017
Wed, 22 Mar 2017 15:47:36 GMT

Costco will not be delivered right to your door
Wed, 22 Mar 2017 15:45:00 GMT

Costco Wholesale Corp. :COST-US: Earnings Analysis: Q2, 2017 By the Numbers : March 22, 2017
Wed, 22 Mar 2017 14:13:52 GMT

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