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Costco Wholesale (COST) Approaches New Downside Target of $161.97

By Amy Schwartz

Shares of Costco Wholesale (NASDAQ:COST) opened today below their pivot of $167.57 and have already reached the first level of support at $164.54. Analysts will be watching for a cross of the next downside pivot targets of $161.97 and $156.37.

Costco Wholesale (NASDAQ:COST) has potential upside of 8.9% based on a current price of $164.48 and analysts' consensus price target of $179.13. Costco Wholesale shares have support at the 50-day moving average (MA) of $152.54 and additional support at the 200-day MA of $151.59.

Over the past year, Costco Wholesale has traded in a range of $117.03 to $183.18 and is now at $164.48, 41% above that low. The 200-day and 50-day moving averages have moved 0.07% higher and 0.02% lower over the past week, respectively.

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: pivot alerts costco wholesale

Ticker(s): COST