Costco's most recent trend suggests a bearish bias. One trading opportunity on Costco is a Bear Call Spread using a strike $190.00 short call and a strike $200.00 long call offers a potential 19.33% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $190.00 by expiration. The full premium credit of $1.62 would be kept by the premium seller. The risk of $8.38 would be incurred if the stock rose above the $200.00 long call 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 at 31.11 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 Just Got Serious About Groceries
Tue, 13 Feb 2018 02:16:00 +0000
Customers have been waiting for a move that disrupts the grocery industry since the e-commerce giant took over Whole Foods.
Beware Knee-Jerk Reaction Stock Moves
Mon, 12 Feb 2018 23:06:00 +0000
Sometimes shares in a company move for superficial, often incorrect, reasons.
Costco (COST) Continues with Healthy Comps Performance
Mon, 12 Feb 2018 20:20:08 +0000
Amid a tough retail landscape Costco (COST) continued with its solid comparable sales trend in the month of January as well.
Costco, Aldi planning new stores for southeast Houston area
Mon, 12 Feb 2018 14:30:12 +0000
Residents of Houston’s Bay Area will have some new grocery store options this year. The Galveston County Daily News reported last week that Webster city officials approved development plans for a long-rumored Costco. A proposal submitted to Webster’s Planning and Zoning Commission states Costco plans to build an approximately 158,000-square-foot warehouse and a 24-pump gas station on nearly 21 acres just west of the intersection of Jasmine Road and the Gulf Freeway.
Will Boxed's Rejection Lead Kroger to a Better Deal?
Mon, 12 Feb 2018 14:06:00 +0000
When one door slams shut, another one opens.
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