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Shares of Costco Wholesale Has Risen Above Previous 52-Week High

By James Quinn

Shares of Costco Wholesale (NASDAQ:COST) traded at a new 52-week high today of $260.03. Approximately 226,000 shares have changed hands today, as compared to an average 30-day volume of 1.8 million shares.

Costco Wholesale (NASDAQ:COST) is currently priced 19.5% above its average consensus analyst price target of $209.13. The stock should discover initial support at its 50-day moving average (MA) of $246.16 and subsequent support at its 200-day MA of $229.26.

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.

Costco Wholesale share prices have moved between a 52-week high of $260.03 and a 52-week low of $189.51 and are now trading 37% above that low price at $259.69 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.

SmarTrend is monitoring the recent change of momentum in Costco Wholesale. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Costco Wholesale in search of a potential trend change.

Keywords: 52 week high/lows costco wholesale

Ticker(s): COST