• Return to Headlines

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

By James Quinn

Costco Wholesale (NASDAQ:COST) crossed under its 10-day moving average of $238.92 on a volume of 1.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Costco Wholesale share prices have been bracketed by a low of $154.11 and a high of $245.16 and are now at $236.52, 53% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.2%.

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 27.6%. 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