Costco (COST) Offering Possible 53.85% Return Over the Next 15 Calendar Days

Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $370.00 short put and a strike $365.00 long put offers a potential 53.85% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $370.00 by expiration. The full premium credit of $1.75 would be kept by the premium seller. The risk of $3.25 would be incurred if the stock dropped below the $365.00 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 42.38 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

3 Great Stocks Under $50 to Buy for 2021
Tue, 29 Dec 2020 16:27:00 +0000
With that in mind, let's see why BJ's Wholesale Club (NYSE: BJ), Foot Locker (NYSE: FL), and Kroger (NYSE: KR) stocks all seem like solid investments heading into the new year. Investors looking for exposure to the wholesale retailing niche usually gravitate toward the industry's biggest players, Walmart and Costco.

Here’s What to Expect From Major Retailers in the New Year
Tue, 29 Dec 2020 11:30:00 +0000
Telsey Advisory Group’s Joseph Feldman looked at a number of major retailers Monday, highlighting what he believes will be key strategic initiatives and investments for major retailers in the new year. For (AMZN) (ticker: AMZN), he noted the behemoth with a 78% year-to-date rally under its belt will continue to focus on building out its ecosystem to further expand market share in an increasing number of categories from fashion to home and pharmacy.

Grocery Outlet CMO: The eat-at-home trend ‘isn't going to change'
Mon, 28 Dec 2020 20:49:22 +0000
Grocery Outlet CMO Layla Kasha joins Yahoo Finance's Melody Hahm to discuss how the company is faring amid the COVID-19 pandemic, and what they're expecting in 2021. 

What Happened to Walmart Stock in 2020?
Mon, 28 Dec 2020 17:45:00 +0000
Walmart (NYSE: WMT) shareholders had a good year in 2020. With that in mind, let's take a closer look what really drove Walmart's performance in 2020. Changing consumer demand priorities during the pandemic rewarded companies that could deliver a seamless digital and physical shopping experience, which has been a strategic goal of Walmart's for years.

Best Dividend Stocks for January 2021
Mon, 28 Dec 2020 16:01:17 +0000
Given strong dividend growth and big money signals, these stocks could be worth a spot in a yield-oriented portfolio.

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