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SmarTrend Watching for Potential Rebound in Shares of Costco Wholesale After 2.18% Loss

By Amy Schwartz

Costco Wholesale (NASDAQ:COST) traded in a range yesterday that spanned from a low of $162.39 to a high of $167.38. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $165.00 on volume of 8.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Costco Wholesale has traded in a range of $117.03 to $183.18 and is now at $163.08, 39% 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: rebounders costco wholesale

Ticker(s): COST