Costco's most recent trend suggests a bearish bias. One trading opportunity on Costco is a Bear Call Spread using a strike $295.00 short call and a strike $305.00 long call offers a potential 29.53% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $295.00 by expiration. The full premium credit of $2.28 would be kept by the premium seller. The risk of $7.72 would be incurred if the stock rose above the $305.00 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 44.64 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
Will Soft Margins Mar Bed Bath & Beyond's (BBBY) Q2 Earnings?
Mon, 23 Sep 2019 14:26:02 +0000
Bed Bath & Beyond (BBBY) grapples with margin woes for a while now due to higher costs. This might hurt its bottom-line performance in second-quarter fiscal 2019.
Bulls And Bears Of The Week: Alibaba, Costco, GE, US Steel And More
Sun, 22 Sep 2019 19:52:59 +0000
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included the meat alternative leader and a Chinese conglomerate. Bearish calls last week included …
25 Best Kirkland Products You Should Buy at Costco
Sat, 21 Sep 2019 14:09:49 +0000
Costco has turned on its head the notion that a store brand is a notch below a national brand. How? By using its coast-to-coast strength to strong-arm suppliers to put quality as well as value into its Kirkland Signature offerings. A quarter of Costco's annual sales now reportedly come from its Kirkland product lines, which first hit store shelves in 1995.It's no surprise. Costco has continually upped its array of Kirkland products, often produced by the same manufacturers who make the name brands. You'll find the red Kirkland Signature logo on everything from toilet paper to tennis shoes. We took a closer look at several Kirkland products getting accolades from customers and critics. You should check them out, too. SEE ALSO: 10 Worst Things to Buy at Walmart
It's 'margin madness' for gas retailers: analyst
Fri, 20 Sep 2019 17:53:34 +0000
If you think a spike in crude oil prices means gasoline retailers are lining their pockets, think again.
Why Costco won't be handing out $10 billion to investors as many have speculated
Fri, 20 Sep 2019 16:29:13 +0000
No, the special dividend probably isn't coming to Costco shareholders. So chill.
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