• Return to Headlines

Costco Wholesale Bearish Moving Average Crossover Alert (COST)

By Amy Schwartz

Costco Wholesale (NASDAQ:COST) shares have crossed bearishly below their 10-day moving average of $198.23 on a volume of 266K shares. Swing traders may find an opportunity 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 $150.00 to $201.77 and is now at $197.58, 32% above that low. The 200-day and 50-day moving averages have moved 0.33% higher and 0.39% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Costco Wholesale on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $189.14. Since that recommendation, shares of Costco Wholesale have risen 5.0%. 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