Costco (COST) Offering Possible 66.67% Return Over the Next 30 Calendar Days

Costco's most recent trend suggests a bearish bias. One trading opportunity on Costco is a Bear Call Spread using a strike $500.00 short call and a strike $510.00 long call offers a potential 66.67% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $500.00 by expiration. The full premium credit of $4.00 would be kept by the premium seller. The risk of $6.00 would be incurred if the stock rose above the $510.00 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 28.2 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 Big Mistakes You’re Probably Making at Costco
Tue, 17 May 2022 11:00:44 +0000
Costco is one of several membership-based retail stores along with Sam’s Club and BJ’s. Many Costco members really love the store as a result of the savings it provides and the wide variety of high-quality products it offers. Chances are, one of your big reasons for joining Costco is a desire to get the most bang for your buck. You'll have a number of options for how to cover your Costco shopping costs, including paying with cash or check.

Walmart Q1 Preview: Can Shares Continue To Display Strength?
Mon, 16 May 2022 22:36:10 +0000
Walmart shares have been a bright spot in an otherwise dim market throughout 2022, providing investors with a respectable 3% return and a much higher blend of valuable defense than the S&P 500.

Costco (COST) Dips More Than Broader Markets: What You Should Know
Mon, 16 May 2022 21:45:09 +0000
Costco (COST) closed the most recent trading day at $494.53, moving -0.55% from the previous trading session.

Deckers (DECK) to Report Q4 Earnings: What's in the Cards?
Mon, 16 May 2022 20:51:08 +0000
Deckers' (DECK) fourth-quarter fiscal 2022 results might show gains from omni-channel capabilities as well as customer-centric product and marketing strategies.

What's in Store for The TJX Companies (TJX) Q1 Earnings?
Mon, 16 May 2022 16:07:04 +0000
The TJX Companies' (TJX) first-quarter fiscal 2023 performance is likely to reflect gains from the robust HomeGoods segment and e-commerce business.

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