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Bearish Moving Average Cross by Costco Wholesale (COST)

By David Diaz

Today, shares of Costco Wholesale (NASDAQ:COST) have fallen below their 10-day MA of $167.91 on a volume of 287K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Costco Wholesale has traded in a range of $117.03 to $169.73 and is now at $167.21, 43% above that low. The 200-day and 50-day moving averages have moved 0.07% higher and 0.02% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Costco Wholesale on May 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $150.79. Since that recommendation, shares of Costco Wholesale have risen 11.7%. We continue to monitor COST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses costco wholesale

Ticker(s): COST