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Bearish Moving Average Cross by Costco Wholesale (COST)

By Shiri Gupta

Costco Wholesale (NASDAQ:COST) crossed under its 10-day moving average of $181.04 on a volume of 332K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Costco Wholesale share prices have moved between a 52-week high of $183.18 and a 52-week low of $117.03 and are now trading 54% above that low price at $180.09 per share. The 200-day and 50-day moving averages have moved 0.07% higher and 0.02% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Costco Wholesale and will alert subscribers who have COST in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses costco wholesale

Ticker(s): COST