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Costco Wholesale (COST) Breaks Through Resistance at $170.90

By David Diaz

Shares of Costco Wholesale (NASDAQ:COST) opened today above their pivot of $170.42 and have already reached the first level of resistance at $170.90. Analysts will be watching for a cross of the next upside pivot targets of $171.65 and $172.88.

Over the past year, Costco Wholesalehas traded in a range of $0.00 to $178.71 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Potential upside of 0.0% exists for Costco Wholesale, based on a current level of $0.00 and analysts' average consensus price target of $179.13. The stock should run into initial resistance at its 200-day moving average (MA) of $151.59 and subsequent resistance at its 50-day MA of $152.54.

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: pivot alerts costco wholesale

Ticker(s): COST