Costco (COST) Offering Possible 49.25% Return Over the Next 7 Calendar Days

Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $360.00 short put and a strike $355.00 long put offers a potential 49.25% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $360.00 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $3.35 would be incurred if the stock dropped below the $355.00 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 76.14 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's (COST) Stellar Comps Run & E-Commerce to Fuel Sales
Tue, 08 Sep 2020 13:02:01 +0000
Costco (COST) has been rapidly adopting the omni-channel mantra to provide a seamless shopping experience, whether online or in stores.

1 Stock That Belongs in Every Dividend Investor's Portfolio
Sun, 06 Sep 2020 20:30:00 +0000
This all-weather stock with a history of outperformance is a must-own in a diversified income portfolio.

Benzinga's Bulls And Bears Of The Week: Apple, Costco, FedEx And More
Sun, 06 Sep 2020 13:17:36 +0000
* Benzinga has examined the prospects for many investor favorite stocks over the past week. * This past week's bullish calls included pharmaceutical and package delivery leaders. * Tech giants and top airlines were among last week's bearish calls.The stock market started last week with a bit of a facelift, and it turned out to be another volatile week, with Dow Jones industrials and the S&P 500 ending around 2% lower and the Nasdaq down more than 3%. It was also a week that saw the headlong race for a coronavirus vaccine continue, as well as jobs numbers that were not as bad as feared.As usual, Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are some of this past week's most bullish and bearish posts that are worth another look.Bulls Shanthi Rexaline's "Why Morgan Stanley Is Buying The Dip In Eli Lilly" shows why the recent pullback in its shares makes the valuation of Eli Lilly And Co (NYSE: LLY) more attractive.In "BofA Raises FedEx Price Target For Second Time In 2 Weeks," Wayne Duggan shares some of the tailwinds that FedEx Corporation (NYSE: FDX) stock appears to have for the rest of the year.Robust monthly sales at Costco Wholesale Corporation (NASDAQ: COST) make a strong case for outperformance, according to Chris Katje's "Why Costco Shares Hit A New 52-Week High." Is a special dividend in the cards?"Educational Stocks: Top Back-To-School Pick?" by Ben Broadwater discusses how back-to-school shopping has changed due to the pandemic, making Logitech International SA (NASDAQ: LOGI) a top pick.For additional bullish calls, also have a look at Why The Federal Reserve's New Approach To Inflation Makes Sense and US Electric Truck Sales Set To Rise 27-Fold In 6 Years, Research Says.Bears In Wayne Duggan's "'Nothing Short Of Stupid,' Hedge Fund Manager Says Of Post-Split Gains In Apple And Tesla," one expert doesn't mince words about post-split Apple, Inc. (NASDAQ: AAPL) and Tesla Inc (NASDAQ: TSLA) investors.Attorney General William Barr pushes for charges against the Alphabet Inc (NASDAQ: GOOGL) subsidiary. So says "Justice Dept To Unveil Antitrust Charges Against Google Later This Month: NYT" by Shivdeep Dhaliwal."BofA Says More Airline Capacity Cuts Ahead" by Priya Nigam discusses what the end of summer could mean for shares of American Airlines Group Inc (NASDAQ: AAL) and its industry peers.Aditya Raghunath's "GSX Techedu Shares Drop 13.6% As SEC Probes Short Seller Claims Of Tampered Earnings" indicates that GSX Techedu Inc (NYSE: GSK) sales numbers are being probed.Be sure to check out BofA Sets 3,250 Year-End S&P 500 Target and The Investing Upsides, Downsides If Trump Is Reelected for additional bearish calls.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Notable Insider Buys Last Week: Avis Budget, Axis Capital And More * Barron's Picks And Pans: McDonald's, Salesforce, Starbucks And More * Benzinga's Bulls And Bears Of The Week: Apple, Salesforce, Tesla And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Nike Leads 5 Stocks To Watch As Market Whipsaws
Sat, 05 Sep 2020 12:00:03 +0000
Dow Jones giant Nike leads five top stocks to follow closely as the stock market whipsaws lower. Nike stock has a bullish earnings outlook.

Growth Is a Rare Commodity in Retail. Costco and Target Are Cashing In.
Fri, 04 Sep 2020 11:00:00 +0000
The big-box players will likely continue to win, because growth is a rare commodity among traditional retailers.

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