Costco (COST) Offering Possible 47.06% Return Over the Next 9 Calendar Days

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 47.06% 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 $1.60 would be kept by the premium seller. The risk of $3.40 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 65.84 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

Costco's (COST) Stellar Comps Run & E-Commerce to Fuel Sales
Tue, 08 Sep 2020 13:02:01 +0000
Costco (COST) has been rapidly adopting the omni-channel mantra to provide a seamless shopping experience, whether online or in stores.

1 Stock That Belongs in Every Dividend Investor's Portfolio
Sun, 06 Sep 2020 20:30:00 +0000
This all-weather stock with a history of outperformance is a must-own in a diversified income portfolio.

Benzinga's Bulls And Bears Of The Week: Apple, Costco, FedEx And More
Sun, 06 Sep 2020 13:17:36 +0000
* Benzinga has examined the prospects for many investor favorite stocks over the past week. * This past week's bullish calls included pharmaceutical and package delivery leaders. * Tech giants and top airlines were among last week's bearish calls.The stock market started last week with a bit of a facelift, and it turned out to be another volatile week, with Dow Jones industrials and the S&P 500 ending around 2% lower and the Nasdaq down more than 3%. It was also a week that saw the headlong race for a coronavirus vaccine continue, as well as jobs numbers that were not as bad as feared.As usual, Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are some of this past week's most bullish and bearish posts that are worth another look.Bulls Shanthi Rexaline's "Why Morgan Stanley Is Buying The Dip In Eli Lilly" shows why the recent pullback in its shares makes the valuation of Eli Lilly And Co (NYSE: LLY) more attractive.In "BofA Raises FedEx Price Target For Second Time In 2 Weeks," Wayne Duggan shares some of the tailwinds that FedEx Corporation (NYSE: FDX) stock appears to have for the rest of the year.Robust monthly sales at Costco Wholesale Corporation (NASDAQ: COST) make a strong case for outperformance, according to Chris Katje's "Why Costco Shares Hit A New 52-Week High." Is a special dividend in the cards?"Educational Stocks: Top Back-To-School Pick?" by Ben Broadwater discusses how back-to-school shopping has changed due to the pandemic, making Logitech International SA (NASDAQ: LOGI) a top pick.For additional bullish calls, also have a look at Why The Federal Reserve's New Approach To Inflation Makes Sense and US Electric Truck Sales Set To Rise 27-Fold In 6 Years, Research Says.Bears In Wayne Duggan's "'Nothing Short Of Stupid,' Hedge Fund Manager Says Of Post-Split Gains In Apple And Tesla," one expert doesn't mince words about post-split Apple, Inc. (NASDAQ: AAPL) and Tesla Inc (NASDAQ: TSLA) investors.Attorney General William Barr pushes for charges against the Alphabet Inc (NASDAQ: GOOGL) subsidiary. So says "Justice Dept To Unveil Antitrust Charges Against Google Later This Month: NYT" by Shivdeep Dhaliwal."BofA Says More Airline Capacity Cuts Ahead" by Priya Nigam discusses what the end of summer could mean for shares of American Airlines Group Inc (NASDAQ: AAL) and its industry peers.Aditya Raghunath's "GSX Techedu Shares Drop 13.6% As SEC Probes Short Seller Claims Of Tampered Earnings" indicates that GSX Techedu Inc (NYSE: GSK) sales numbers are being probed.Be sure to check out BofA Sets 3,250 Year-End S&P 500 Target and The Investing Upsides, Downsides If Trump Is Reelected for additional bearish calls.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Notable Insider Buys Last Week: Avis Budget, Axis Capital And More * Barron's Picks And Pans: McDonald's, Salesforce, Starbucks And More * Benzinga's Bulls And Bears Of The Week: Apple, Salesforce, Tesla And More(C) 2020 Benzinga does not provide investment advice. All rights reserved.

Nike Leads 5 Stocks To Watch As Market Whipsaws
Sat, 05 Sep 2020 12:00:03 +0000
Dow Jones giant Nike leads five top stocks to follow closely as the stock market whipsaws lower. Nike stock has a bullish earnings outlook.

Growth Is a Rare Commodity in Retail. Costco and Target Are Cashing In.
Fri, 04 Sep 2020 11:00:00 +0000
The big-box players will likely continue to win, because growth is a rare commodity among traditional retailers.

Related Posts


MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.

This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.

The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The educational training program and software services are provided to improve financial understanding.

The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.