Costco (COST) Offering Possible 54.8% Return Over the Next 9 Calendar Days

This post was originally published on this site

Costco’s most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $355.00 short put and a strike $350.00 long put offers a potential 54.8% 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 $355.00 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 $350.00 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 56.77 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

14 Best Low-Risk Stocks to Buy Right Now
Mon, 08 Feb 2021 17:13:15 +0000
In this article, we will discuss the 14 Best Low-Risk Stocks to Buy Right Now. You can skip our detailed discussion of today’s financial markets and the importance of hedging against risk and go to 5 Best Low-Risk Stocks to Buy Right Now. Given the uncertainty in financial markets, a raging pandemic and joblessness, investors […]

Costco (COST) Thrives on Impressive Comps Show & Online Sales
Mon, 08 Feb 2021 13:39:01 +0000
Costco (COST) has been rapidly adopting the omni-channel mantra to provide a seamless shopping experience, whether online or at stores. E-commerce comparable sales soar during the month of January.

3 Top Retail Stocks to Buy in 2021
Sat, 06 Feb 2021 13:05:00 +0000
Shopping may be the last thing on people’s minds as some are possibly still paying down holiday sprees, but it’s always the right time to shop for retail stocks. Five Below (NASDAQ: FIVE), Costco (NASDAQ: COST), and Tanger Factory Outlet Centers (NYSE: SKT) are three of the best-positioned retailers in 2021.

Play the Field With These 4 Winning Stocks
Sat, 06 Feb 2021 12:42:00 +0000
The Kansas City Chiefs are favored over the Tampa Bay Buccaneers, though plenty of smart money is betting Tom Brady will take the Bucs to their second-ever Big Game win. Walt Disney (NYSE: DIS) is a fan favorite of young and old investors alike — even after incurring a net loss of $2.83 billion in fiscal 2020, its first annual loss in 40 years. Despite theme parks still being closed or operating at limited capacity and cruises canceled into at least May, there are plenty of reasons to keep betting on Disney — namely, the 86.8 million Disney+ subscribers, a number expected to grow to a range of 230 million to 260 million by 2024.

Why BJ’s Wholesale Club Stock Gained 13% in January
Fri, 05 Feb 2021 14:17:00 +0000
BJ’s Wholesale Club (NYSE: BJ) shareholders beat a declining market last month. Costco Wholesale said in early January that sales gains sped back up into double-digit territory in December, for example, and Target announced surging growth for the holiday period. The wholesale club will announce its fourth-quarter earnings results in early March, and investors are looking for sales to rise by around 14% to $3.9 billion.

Be Sociable, Share!

Related Posts