Costco (COST) Offering Possible 28.21% Return Over the Next 9 Calendar Days

Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $242.50 short put and a strike $237.50 long put offers a potential 28.21% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $242.50 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $237.50 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 71.15 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 Amazon, Costco, and Alphabet Really Make Their Money
Sun, 07 Apr 2019 15:31:00 +0000
Amazon's biggest profit margins don't come from online sales, Costco doesn't earn cash from discount items, and Alphabet's moonshots don't help the company's bottom line one bit.

Amazon’s Whole Foods price cuts aim to build a ‘Costco-like’ relationship with Prime members
Sun, 07 Apr 2019 13:44:00 +0000
Amazon hopes to boost Prime membership and loyalty with enhanced benefits in much the same way Costco has.

Weekly Top Insider Buys Highlight for the Week of April 5
Sat, 06 Apr 2019 18:04:22 +0000
The largest Insider Buys this week were for Costco Wholesale Corp, Walgreens Boots Alliance Inc., Lyft Inc. and EQT Corp

Why Is Costco (COST) Up 13.4% Since Last Earnings Report?
Sat, 06 Apr 2019 13:30:01 +0000
Costco (COST) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

1 Number That Shows Why Costco Is So Hard to Disrupt
Fri, 05 Apr 2019 21:59:00 +0000
You wouldn't know it, but the warehouse's sales in this surprising area are booming.

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