Costco’s most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $152.50 short put and a strike $147.00 long put offers a potential 6.8% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $152.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $5.15 would be incurred if the stock dropped below the $147.00 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 58.89 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
Amazon-Free Zone; Off-Track Transports — Jim Cramer’s Views
Mon, 07 Aug 2017 05:00:00 +0000
Cramer shares his views on this being an Amazon-free zone, for now, and discusses how transports can get back on track.
What Does It Mean That Costco Is Using Groupon to Discount Its Memberships?
Mon, 07 Aug 2017 00:58:00 +0000
Listener Matt worries that it’s a sign of decline for the warehouse retailer.
The online retailer that started when its founder was annoyed at paying $7 for a box of Cheerios
Sun, 06 Aug 2017 14:05:16 +0000
Three and a half years ago, Boxed was launched with only 200 items in Chieh Huang’s garage, as a mobile version of a warehouse club
This Is the Best-Selling Product at Costco
Sun, 06 Aug 2017 11:32:00 +0000
There are two answers to this question.
You Still Can’t Beat Apple — but Oreos May Be in Trouble
Sat, 05 Aug 2017 20:40:00 +0000
The world’s leading tech company turned in another solid quarter, but at packaged-food giant Mondelez, word of the CEO’s pending exit was more interesting than its earnings release.
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