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Costco Wholesale Crosses Below its 10-day MA (COST)

By David Diaz

Today, shares of Costco Wholesale (NASDAQ:COST) have fallen below their 10-day MA of $243.87 on a volume of 601K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Costco Wholesale have traded between a low of $182.17 and a high of $247.09 and are now at $242.11, which is 33% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.

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