When the Price of Costco Wholesale $COST Talks, People Listen
May 01, 2023, 04:15 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for COST
- Buy COST slightly over 485.80 target 531.04 stop loss @ 484.4 Details
The technical summary data tells us to buy COST near 485.80 with an upside target of 531.04. This data also tells us to set a stop loss @ 484.4 to protect against excessive loss in case the stock begins to move against the trade. 485.80 is the first level of support below 503.22 , and by rule, any test of support is a buy signal. In this case, support 485.80 is being tested, a buy signal would exist.
- Short COST slightly under 531.04, target 485.80, stop loss @ 532.57 Details
The technical summary data is suggesting a short of COST as it gets near 531.04 with a downside target of 485.80. We should have a stop loss in place at 532.57though. 531.04 is the first level of resistance above 503.22, and by rule, any test of resistance is a short signal. In this case, if resistance 531.04 is being tested, a short signal would exist.
Swing Trading Plans for COST
- Buy COST slightly over 512.16, target 531.04, Stop Loss @ 510.68 Details
If 512.16 begins to break higher, the technical summary data tells us to buy COST just slightly over 512.16, with an upside target of 531.04. The data also tells us to set a stop loss @ 510.68 in case the stock turns against the trade. 512.16 is the first level of resistance above 503.22, and by rule, any break above resistance is a buy signal. In this case, 512.16, 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 512.16, target 500.82, Stop Loss @ 513.64. Details
The technical summary data is suggesting a short of COST if it tests 512.16 with a downside target of 500.82. We should have a stop loss in place at 513.64 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, 512.16, 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 512.16, target 531.04, Stop Loss @ 510.97 Details
If 512.16 begins to break higher, the technical summary data tells us to buy COST just slightly over 512.16, with an upside target of 531.04. The data also tells us to set a stop loss @ 510.97 in case the stock turns against the trade. 512.16 is the first level of resistance above 503.22, and by rule, any break above resistance is a buy signal. In this case, 512.16, 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 512.16, target 502.92, Stop Loss @ 513.35. Details
The technical summary data is suggesting a short of COST if it tests 512.16 with a downside target of 502.92. We should have a stop loss in place at 513.35 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, 512.16, 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 (COST) available here: COST.
COST Ratings for May 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Neutral |
| P1 |
0 |
0 |
437.69 |
| P2 |
495.33 |
500.82 |
485.80 |
| P3 |
502.92 |
512.16 |
531.04 |
AI Generated Signals for COST
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Costco Wholesale (NASDAQ: COST) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for COST can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for COST:
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