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Costco Wholesale Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Costco Wholesale (NASDAQ:COST) traded today at a new 52-week high of $281.60. So far today approximately 330,000 shares have been exchanged, as compared to an average 30-day volume of 1.6 million shares.

Costco Wholesale (NASDAQ:COST) is currently priced 25.7% above its average consensus analyst price target of $209.13. The stock should discover initial support at its 50-day moving average (MA) of $256.60 and subsequent support at its 200-day MA of $232.88.

In the past 52 weeks, shares of Costco Wholesale have traded between a low of $189.51 and a high of $281.60 and are now at $281.48, which is 49% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.3%.

Costco Wholesale Corporation operates wholesale membership warehouses in multiple countries. The Company sells all kinds of food, automotive supplies, toys, hardware, sporting goods, jewelry, electronics, apparel, health, and beauty aids, as well as other goods.

SmarTrend recommended that subscribers consider buying shares of Costco Wholesale on June 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $253.81. Since that recommendation, shares of Costco Wholesale have risen 10.6%. We continue to monitor COST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows costco wholesale

Ticker(s): COST