[video] Liking the Look of Costco

This article originally appeared Sept. 6, 2013, on Real Money. To read more content like this, + see inside Jim Cramer's multi-million dollar portfolio for FREE Click Here NOW.

In the video, I describe why I like the buy side of Costco ( COST) against the recent time and price low.

The upside potential shown by target one on this daily chart is $122.92. The maximum risk can be defined either below the Aug. 29 low made at $110.19 or below the low end of the price cluster zone at the $109.28 area.

Let's take a look at the setup.

 
Costco (COST)
Source: Dynamic Trader

 

At the time of publication, the author was long a COST call spread.

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