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Watch for Continued Gains in Shares of Costco Wholesale (COST)

By James Quinn

Shares of Costco Wholesale (NASDAQ:COST) traded today at $213.53, breaking its 52-week high. This new high was reached on below average trading volume as 350,000 shares traded hands, while the average 30-day volume is approximately 2.1 million shares.

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.

Based on a current price of $213.14, Costco Wholesale is currently 1.9% above its average consensus analyst price target of $209.13. Costco Wholesale shares have support at the 50-day moving average (MA) of $202.28 and additional support at the 200-day MA of $186.56.

In the past 52 weeks, shares of Costco Wholesale have traded between a low of $150.00 and a high of $213.53 and are now at $213.14, which is 42% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.

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