Costco’s most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $122.00 short put and a strike $117.00 long put offers a potential 6.16% 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 $122.00 by expiration. The full premium credit of $0.29 would be kept by the premium seller. The risk of $4.71 would be incurred if the stock dropped below the $117.00 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 down which suggests that the medium-term momentum for Costco is bearish.
The RSI indicator is below 20 which suggests that the stock is in oversold territory.
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
Ex-Dividend Reminder: Costco Wholesale, Kroger and Shaw Communications
Mon, 11 Nov 2013 15:29:00 GMT
Forbes – Looking at the universe of stocks we cover at Dividend Channel, on 11/13/13, Costco Wholesale Corp (NASD: COST), Kroger Co. (NYSE: KR), and Shaw Communications Inc (NYSE: SJR) will all trade ex-dividend for their respective upcoming dividends. Costco Wholesale Corp will pay its quarterly dividend of $0.31 on 11/29/13, Kroger […]
October Was Kind To JC Penney, Not So Nice To McDonald’s
Fri, 08 Nov 2013 19:27:00 GMT
Forbes – JC Penney is finally having a good week as the stock gains on positive Octobers sales numbers. Things are less rosy, however, for some other retailers reporting monthly sales this week. McDonald’s global same store sales grew just .5% in October, with a .2% increase in the U.S. and .8% in […]
Gap Gets Back In Style With Solid October Sales Gains
Fri, 08 Nov 2013 17:45:00 GMT
Investor’s Business Daily – Gap Gets Back In Style With Solid October Sales Gains
October Retail Sales Ring Up Ahead Of Holiday Rivalry
Thu, 07 Nov 2013 23:23:00 GMT
Investor’s Business Daily – October Retail Sales Ring Up Ahead Of Holiday Rivalry
U.S. retailers’ October same-store sales
Thu, 07 Nov 2013 21:32:22 GMT
Reuters – Click on the attached link for a table that compares U.S. retailers’ reported October same-store sales with analysts’ estimates published by Thomson Reuters.
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