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
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Mon, 08 Feb 2021 17:13:15 +0000
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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.
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Why BJ’s Wholesale Club Stock Gained 13% in January
Fri, 05 Feb 2021 14:17:00 +0000
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