Costco Wholesale $COST Technical Update
The Costco Wholesale (NASDAQ: COST) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for COST, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Review the Trading Plans:
Long Term Trading Plans for COST
September 3, 2018, 3:15 pm ET
The Technical Summary and Trading Plans for COST help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this COST Report.
COST – (Long) Support Plan
Buy over 219.31 target 234.15 stop loss @ 219.05.
The technical summary data tells us to buy COST near 219.31 with an upside target of 234.15. This data also tells us to set a stop loss @ 219.05 to protect against excessive loss in case the stock begins to move against the trade. 219.31 is the first level of support below 233.13 , and by rule, any test of support is a buy signal. In this case, support 219.31 is being tested, a buy signal would exist.
COST – (Short) Resistance Plan
Short under 234.15 target 219.31 stop loss @ 234.41
The technical summary data is suggesting a short of COST as it gets near 234.15 with a downside target of 219.31. We should have a stop loss in place at 234.41 though. 234.15 is the first level of resistance above 233.13, and by rule, any test of resistance is a short signal. In this case, if resistance 234.15 is being tested, a short signal would exist.
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