Costco (COST) Offering Possible 54.8% Return Over the Next 36 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 $158.00 short put and a strike $153.00 long put offers a potential 54.8% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $158.00 by expiration. The full premium credit of $1.77 would be kept by the premium seller. The risk of $3.23 would be incurred if the stock dropped below the $153.00 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 at 56.51 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Costco

PriceSmart (PSMT) August Sales Rise 4% Y/Y, Comps Improve
Tue, 12 Sep 2017 13:44:01 +0000
PriceSmart (PSMT) net sales rose 4% in August, 2.7% in July and 4.1% in June.

See what the IHS Markit Score report has to say about Costco Wholesale Corp.
Tue, 12 Sep 2017 12:00:09 +0000
Costco Wholesale Corp NASDAQ/NGS:COST

Target Lowered Prices and the Stock Fell
Mon, 11 Sep 2017 18:10:20 +0000
Target Corporation’s (TGT) stock fell about 2% on Friday, September 8, soon after the company announced that it’s lowering prices on thousands of products, from cereals to razors.

UPDATE: Target Just Wrecked the Retail Sector
Mon, 11 Sep 2017 13:01:00 +0000
Target (TGT) announced on its news blog that it would cut prices on “thousands of items” as it seeks to compete with (AMZN). Now, it’s not hard to understand why Target and its peers got walloped. If Target is going to compete on price, that means Wal-Mart, Costco and everyone else will too.

[$$] How Kirkland Signature Became One of Costco’s Biggest Success Stories
Mon, 11 Sep 2017 04:10:41 +0000
Costco has leveraged its Kirkland Signature label to attract shoppers and challenge manufacturers. Now generating about a quarter of the company’s sales, the products offer a case study for retailers seeking …

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