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Bearish Moving Average Cross by Costco Wholesale (COST)

By David Diaz

Costco Wholesale (NASDAQ:COST) shares have crossed bearishly below their 10-day moving average of $157.08 on a volume of 473K shares. Swing traders may find 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 $142.11 and are now trading 10% above that low price at $156.86 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 monitoring the recent change of momentum in Costco Wholesale. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Costco Wholesale in search of a potential trend change.

Keywords: moving crosses costco wholesale

Ticker(s): COST