• Return to Headlines

Shares of Costco Wholesale Rise Above Previous 52-Week High

By Amy Schwartz

Shares of Costco Wholesale (NASDAQ:COST) traded at a new 52-week high today of $215.50. This new high was reached on below average trading volume as 306,000 shares traded hands, while the average 30-day volume is approximately 2.1 million shares.

Costco Wholesale share prices have moved between a 52-week high of $215.50 and a 52-week low of $150.00 and are now trading 43% above that low price at $215.03 per share. The 200-day and 50-day moving averages have moved 0.54% higher and 0.62% higher over the past week, respectively.

Costco Wholesale (NASDAQ:COST) is currently priced 2.7% above its average consensus analyst price target of $209.13. The stock should find initial support at its 50-day moving average (MA) of $202.63 and further support at its 200-day MA of $186.82.

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 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 13.2%. 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