Costco (COST) Offering Possible 69.49% Return Over the Next 17 Calendar Days

Costco's most recent trend suggests a bearish bias. One trading opportunity on Costco is a Bear Call Spread using a strike $290.00 short call and a strike $295.00 long call offers a potential 69.49% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $290.00 by expiration. The full premium credit of $2.05 would be kept by the premium seller. The risk of $2.95 would be incurred if the stock rose above the $295.00 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 27.38 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

Jobs report — What to know in the week ahead
Sun, 29 Sep 2019 14:09:29 +0000
Political drama in Washington and the September jobs report will take centerstage this week.

The Week Ahead: Earnings From Pepsi and Costco, Unemployment Rate Reports
Sat, 28 Sep 2019 05:00:00 +0000
As fall settles in, quarter-end is upon us. Earnings season will be heating up as we move into October, and we kick off with familiar household names Pepsi  PEP and Costco  COST on Wednesday. Economic reporting is busy with September data.

Weak Start to the Q3 2019 Earnings Season
Fri, 27 Sep 2019 17:41:05 +0000
Weak Start to the Q3 2019 Earnings Season

Revealed: How Amazon uses third-party seller data to build a private label juggernaut
Fri, 27 Sep 2019 14:58:13 +0000
Former Amazon employees confirm third-party sellers' concern on how their data are used. Regulators are taking a closer look.

Market Too Nervous To Rally Again
Fri, 27 Sep 2019 13:15:01 +0000
Market Too Nervous To Rally Again

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