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Look for Shares of Costco Wholesale to Potentially Pullback after Yesterday's 1.21% Rise

By David Diaz

Costco Wholesale (NASDAQ:COST) traded in a range yesterday that spanned from a low of $212.22 to a high of $213.66. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $212.70 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Costco Wholesale share prices have moved between a 52-week high of $213.66 and a 52-week low of $150.00 and are now trading 42% above that low price at $213.44 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 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: rebounders costco wholesale

Ticker(s): COST