Costco (COST) Offering Possible 8.23% Return Over the Next 36 Calendar Days

Costco's most recent trend suggests a bearish bias. One trading opportunity on Costco is a Bear Call Spread using a strike $160.00 short call and a strike $170.00 long call offers a potential 8.23% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $160.00 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $9.24 would be incurred if the stock rose above the $170.00 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 below 20 which suggests that the stock is in oversold 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

Citigroup says market revenue is exceeding expectations
Wed, 14 Sep 2016 15:20:30 GMT

Citigroup says market revenue is exceeding expectations
Wed, 14 Sep 2016 15:20:30 GMT

Citigroup says market revenue is exceeding expectations
Wed, 14 Sep 2016 13:55:55 GMT
Reuters – Citigroup Inc expects its third-quarter market revenue to show a mid-single-digit percentage point rise from a year earlier on strength in interest rates and currency trading, Chief Financial Officer John Gerspach said on Wednesday. Speaking at an investor conference in New York, Gerspach said quarterly market revenue was running above expectations. The net result of unanticipated puts and takes in the quarter will probably mean revenue from the institutional business will be in line with the outlook the company gave in July, Gerspach said.

Costco Wholesale Corporation's Best Business Segment in 2016 So Far
Tue, 13 Sep 2016 18:57:38 GMT

New GE, Catepillar & Sinopec Research Reports
Tue, 13 Sep 2016 16:45:04 GMT

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