Costco Wholesale Bullish Moving Average Crossover Alert (COST)
Costco Wholesale (NASDAQ:COST) shares have crossed bullishly above their 10-day moving average of $150.14 on a volume of 200K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $150.64, 29% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.
SmarTrend recommended that its subscribers protect gains by selling shares of Costco Wholesale on August 31st, 2016 by issuing a Downtrend alert when the shares were trading at $161.86. Since that call, shares of Costco Wholesale have fallen 7.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses costco wholesale