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Technical Analysis
- 9/30/2009 9:04:48 AM
By Chip Brian, SmarTrend Analytics Team
Costco (NASDAQ:COST) initiated with a Market Perform at Bernstein. The stock closed yesterday at $56.49 on volume of 4,937,600 shares, above average daily volume of 4,774,904.
Costco Wholesale is currently above its 50-day moving average of $51.95 and above its 200-day moving average of $47.92.
SmarTrend is bullish on shares of COST and our subscribers received an Uptrend alert on August 03, 2009 at $49.77, which has returned 13.5% to date.
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