Trading Costco Wholesale $COST With Integrated Risk Controls

March 03, 2023, 08:02 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Costco Wholesale (NASDAQ: COST) report below can help you, but we have more details too. The trading plans for COST, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for COST

• Buy COST slightly over 437.69 target 485.80 stop loss @ 436.43 Details

The technical summary data tells us to buy COST near 437.69 with an upside target of 485.80. This data also tells us to set a stop loss @ 436.43 to protect against excessive loss in case the stock begins to move against the trade. 437.69 is the first level of support below 473.35 , and by rule, any test of support is a buy signal. In this case, support 437.69 would be being tested, so a buy signal would exist.

• Short COST slightly under 485.80, target 437.69, stop loss @ 487.2 Details

The technical summary data is suggesting a short of COST as it gets near 485.80 with a downside target of 437.69. We should have a stop loss in place at 487.2though. 485.80 is the first level of resistance above 473.35, and by rule, any test of resistance is a short signal. In this case, if resistance 485.80 is being tested, so a short signal would exist.

Swing Trading Plans for COST

• Buy COST slightly over 475.42, target 485.80, Stop Loss @ 474.05 Details

If 475.42 begins to break higher, the technical summary data tells us to buy COST just slightly over 475.42, with an upside target of 485.80. The data also tells us to set a stop loss @ 474.05 in case the stock turns against the trade. 475.42 is the first level of resistance above 473.35, and by rule, any break above resistance is a buy signal. In this case, 475.42, 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 475.42, target 437.69, Stop Loss @ 476.79. Details

The technical summary data is suggesting a short of COST if it tests 475.42 with a downside target of 437.69. We should have a stop loss in place at 476.79 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, 475.42, 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 475.42, target 477.78, Stop Loss @ 474.31 Details

If 475.42 begins to break higher, the technical summary data tells us to buy COST just slightly over 475.42, with an upside target of 477.78. The data also tells us to set a stop loss @ 474.31 in case the stock turns against the trade. 475.42 is the first level of resistance above 473.35, and by rule, any break above resistance is a buy signal. In this case, 475.42, 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 475.42, target 437.69, Stop Loss @ 476.53. Details

The technical summary data is suggesting a short of COST if it tests 475.42 with a downside target of 437.69. We should have a stop loss in place at 476.53 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, 475.42, 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.

COST Ratings for March 03:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	437.69
P2	477.78	475.42	485.80
P3	483.84	487.25	531.04

Support and Resistance Plot Chart for COST

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.