Costco (COST) Offering Possible 21.36% Return Over the Next 8 Calendar Days

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Costco’s most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $155.00 short put and a strike $150.00 long put offers a potential 21.36% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $0.88 would be kept by the premium seller. The risk of $4.12 would be incurred if the stock dropped below the $150.00 long put 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 up which suggests that the medium-term momentum for Costco is bullish.

The RSI indicator is at 66.32 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Costco

The Age of Amazon the Destroyer of All Things May Be Receding for Now, Jim Cramer Reveals
Tue, 08 Aug 2017 02:30:00 +0000
Attention Amazon fans.

3 Stocks With Costco Wholesale-Like Return Potential
Tue, 08 Aug 2017 00:50:00 +0000
The warehouse club has provided investors with solid returns over the past decade. These three stocks could do the same.

Service for Costco’s Jeff Brotman to be held Tuesday
Tue, 08 Aug 2017 00:02:24 +0000
A memorial service for Costco Wholesale Corp. Co-founder and Chairman Jeff Brotman has been scheduled for 11 a.m. Tuesday at McCaw Hall. Brotman died unexpectedly last week at the age of 74 . Brotman and Costco (COST) co-founder Jim Sinegal launched their first warehouse in Seattle in 1983.

Whole Foods Market: As Good as It Gets?
Mon, 07 Aug 2017 18:07:00 +0000
When (AMZN) announced that it had reach an agreement to pay $42 a share for Whole Foods Market (WFM), many wondered if another bid might be forthcoming–perhaps from Wal-Mart Stores (WMT), Costco Wholesale (COST) and Target (TGT). On June 16, 2017, WFM agreed to be acquired by (AMZN-US, Buy rate) four a total value of $13.58 billion or $42.00 a share in cash, which represents a 20% premium to the share price prior to the announcement.

Costco’s Solid Comps Trend Exemplify its Sound Fundamentals
Mon, 07 Aug 2017 13:09:01 +0000
Costco (COST) continued with positive comparable-store sales, consequently sidelining the woes which have gripped the brick-and-mortar retailers.

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