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Bullish Moving Average Cross by Costco Wholesale (COST)

By David Diaz

Costco Wholesale (NASDAQ:COST) shares have crossed bullishly above their 10-day moving average of $184.86 on a volume of 363K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Costco Wholesale have traded between a low of $142.11 and a high of $199.88 and are now at $185.10, which is 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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