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Watch for Costco Wholesale to Potentially Pullback After Gaining 2.91% Yesterday

By Amy Schwartz

Costco Wholesale (NASDAQ:COST) traded in a range yesterday that spanned from a low of $191.38 to a high of $194.74. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $190.04 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Costco Wholesale have traded between a low of $142.11 and a high of $199.88 and are now at $194.14, which is 37% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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