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Costco Wholesale Rises 1.92% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Costco Wholesale (NASDAQ:COST) traded in a range yesterday that spanned from a low of $248.55 to a high of $249.36. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $245.40 on volume of 780,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Costco Wholesale have traded between a low of $189.51 and a high of $249.34 and are now at $249.34, which is 32% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

Keywords: rebounders costco wholesale

Ticker(s): COST