Costco (COST) Offering Possible 7.76% Return Over the Next 9 Calendar Days

Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $178.00 short put and a strike $173.00 long put offers a potential 7.76% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $178.00 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $173.00 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 above 80 which suggests that the stock is in overbought territory.

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

ETFs with exposure to Costco Wholesale Corp. : June 5, 2017
Mon, 05 Jun 2017 18:10:08 +0000
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Costco Wholesale Corp. Here are 5 ETFs with the largest exposure to COST-US. Comparing the performance and risk of Costco Wholesale Corp. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker … Read more
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Costco Wholesale Corporation's Most Brilliant Move in 2017 So Far
Mon, 05 Jun 2017 14:36:00 +0000
The company has invested in an area it once paid very little attention to.

Key Updates in Consumer Sector for May 29–June 2, 2017
Mon, 05 Jun 2017 12:47:58 +0000
The S&P 500 Index (SPX-Index) (SPY) finished the week ended June 2 on a positive note with a ~1.0% gain despite a weaker-than-expected jobs report for May.

Earnings Highlights and Review: Target's Q1 Results Outshined Expectations
Mon, 05 Jun 2017 12:15:00 +0000
Research Desk Line-up: Costco Wholesale Post Earnings Coverage LONDON, UK / ACCESSWIRE / June 5, 2017 / Pro-Trader Daily publishes post-earnings coverage on Target Corp. (NYSE: TGT ) following the Company's …

[$$] The Winners: Alphabet, Apple, and Amazon.com
Sat, 03 Jun 2017 04:14:00 +0000
The new economy resoundingly beat the old in Barron’s 2017 ranking of America’s most respected companies, as three disruptive titans of the internet age claimed the top spots on our annual list. Alphabet (GOOGL), best known as the parent of Google, ranked No. 1 this year, followed by Apple (AAPL) and Amazon.com (AMZN). Berkshire Hathaway (BRK.A), second in 2016, slipped to No. 4, and Microsoft (MSFT) took fifth place, rising from No. 14.

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