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

By Amy Schwartz

Costco Wholesale (NASDAQ:COST) shares have crossed bearishly below their 10-day moving average of $296.16 on a volume of 534K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Costco Wholesale share prices have moved between a 52-week high of $306.94 and a 52-week low of $189.51 and are now trading 56% above that low price at $295.54 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Costco Wholesale on August 22nd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $278.93. Since that recommendation, shares of Costco Wholesale have risen 7.2%. 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