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Recent 52-Week High Exceeded in Shares of Costco Wholesale (COST)

By Shiri Gupta

Costco Wholesale (NASDAQ:COST) traded today at a new 52-week high of $251.01. Approximately 89,000 shares have changed hands today, as compared to an average 30-day volume of 1.5 million shares.

Costco Wholesale (NASDAQ:COST) defies analysts with a current price ($249.57) 16.2% above its average consensus price target of $209.13. Costco Wholesale shares have support at the 50-day moving average (MA) of $242.59 and additional support at the 200-day MA of $227.28.

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.

In the past 52 weeks, Costco Wholesale share prices have been bracketed by a low of $189.51 and a high of $251.01 and are now at $249.57, 32% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

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: 52 week high/lows costco wholesale

Ticker(s): COST