How the (COST) price action is used to our Advantage
July 18, 2024, 11:02 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for COST
- Buy COST slightly over 801.8 target 846.79 stop loss @ 799.48 Details
The technical summary data tells us to buy COST near 801.8 with an upside target of 846.79. This data also tells us to set a stop loss @ 799.48 to protect against excessive loss in case the stock begins to move against the trade. 801.8 is the first level of support below 844.51 , and by rule, any test of support is a buy signal. In this case, support 801.8 would be being tested, so a buy signal would exist.
- Short COST slightly under 846.79, target 801.8, stop loss @ 849.24 Details
The technical summary data is suggesting a short of COST as it gets near 846.79 with a downside target of 801.8. We should have a stop loss in place at 849.24though. 846.79 is the first level of resistance above 844.51, and by rule, any test of resistance is a short signal. In this case, if resistance 846.79 is being tested, so a short signal would exist.
Swing Trading Plans for COST
- Buy COST slightly over 846.79, target 871.78, Stop Loss @ 844.34 Details
If 846.79 begins to break higher, the technical summary data tells us to buy COST just slightly over 846.79, with an upside target of 871.78. The data also tells us to set a stop loss @ 844.34 in case the stock turns against the trade. 846.79 is the first level of resistance above 844.51, and by rule, any break above resistance is a buy signal. In this case, 846.79, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short COST slightly near 846.79, target 835.12, Stop Loss @ 849.24. Details
The technical summary data is suggesting a short of COST if it tests 846.79 with a downside target of 835.12. We should have a stop loss in place at 849.24 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 846.79, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for COST
- Buy COST slightly over 846.79, target 850.33, Stop Loss @ 844.81 Details
If 846.79 begins to break higher, the technical summary data tells us to buy COST just slightly over 846.79, with an upside target of 850.33. The data also tells us to set a stop loss @ 844.81 in case the stock turns against the trade. 846.79 is the first level of resistance above 844.51, and by rule, any break above resistance is a buy signal. In this case, 846.79, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short COST slightly near 846.79, target 839.38, Stop Loss @ 848.77. Details
The technical summary data is suggesting a short of COST if it tests 846.79 with a downside target of 839.38. We should have a stop loss in place at 848.77 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 846.79, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Costco Wholesale Corporation (COST) available here: COST.
COST Ratings for July 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
801.8 |
| P2 |
839.38 |
835.12 |
846.79 |
| P3 |
850.33 |
871.78 |
891.93 |
AI Generated Signals for COST
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Costco Wholesale Corporation (NASDAQ: COST) data table below can help you with price action, and we have more details too. Trading plans for COST are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for COST:
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