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Shares of Costco Wholesale Rise to a New 52-Week High

By Shiri Gupta

Shares of Costco Wholesale (NASDAQ:COST) traded at a new 52-week high today of $205.83. So far today approximately 197,000 shares have been exchanged, as compared to an average 30-day volume of 2.1 million shares.

Costco Wholesale (NASDAQ:COST) has potential upside of 2.1% based on a current price of $204.89 and analysts' consensus price target of $209.13. Costco Wholesale shares have support at the 50-day moving average (MA) of $195.02 and additional support at the 200-day MA of $181.56.

In the past 52 weeks, Costco Wholesale share prices have been bracketed by a low of $150.00 and a high of $205.83 and are now at $204.89, 37% above that low price. The 200-day and 50-day moving averages have moved 0.40% higher and 0.60% higher over the past week, respectively.

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 8.3%. 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