Costco (COST) Offering Possible 29.87% Return Over the Next 8 Calendar Days

Costco's most recent trend suggests a bearish bias. One trading opportunity on Costco is a Bear Call Spread using a strike $230.00 short call and a strike $235.00 long call offers a potential 29.87% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $230.00 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $3.85 would be incurred if the stock rose above the $235.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Costco is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Costco is bearish.

The RSI indicator is at 47.84 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

Costco Stock Looks to Get Its Mojo Back
Wed, 12 Dec 2018 02:31:00 +0000
Despite solid fundamental business performance from the big-box warehouse retailer, shareholders have been in a holding pattern.

SHAREHOLDER ALERT: COST NKTR FIT RBBN SONS MGI ATUS CMCM: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
Tue, 11 Dec 2018 21:54:24 +0000
NEW YORK, Dec. 11, 2018 — The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a.

Pomerantz Law Firm Announces the Filing of a Class Action against Costco Wholesale Corporation and Certain Officers – COST
Tue, 11 Dec 2018 21:00:40 +0000
NEW YORK, Dec. 11, 2018 — Pomerantz LLP announces that a class action lawsuit has been filed against, Costco Wholesale Corporation (“Costco” or the “Company”) (NASDAQ: COST).

INVESTOR NOTICE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Costco Wholesale Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
Tue, 11 Dec 2018 17:50:00 +0000
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Costco Wholesale Corporation (“Costco” or “the Company”) (NASDAQ: COST) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

What to Watch When Costco Reports Earnings
Tue, 11 Dec 2018 14:31:00 +0000
We already have a good idea what to expect on Thursday, and things are looking up.

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