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Costco Wholesale Bullish Moving Average Crossover Alert (COST)

By James Quinn

Today, shares of Costco Wholesale (NASDAQ:COST) have advanced above their 10-day MA of $149.95 on a volume of 471K 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.

Costco Wholesale share prices have moved between a 52-week high of $169.73 and a 52-week low of $117.03 and are now trading 28% above that low price at $150.12 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-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 7.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses costco wholesale

Ticker(s): COST