When Costco Wholesale (COST) Moves Investors should Listen
January 15, 2023, 03:30 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for COST
- Buy COST slightly over 448.74 target 500.16 stop loss @ 447.44 Details
The technical summary data tells us to buy COST near 448.74 with an upside target of 500.16. This data also tells us to set a stop loss @ 447.44 to protect against excessive loss in case the stock begins to move against the trade. 448.74 is the first level of support below 485.25 , and by rule, any test of support is a buy signal. In this case, support 448.74 would be being tested, so a buy signal would exist.
- Short COST slightly under 500.16, target 448.74, stop loss @ 501.6 Details
The technical summary data is suggesting a short of COST as it gets near 500.16 with a downside target of 448.74. We should have a stop loss in place at 501.6though. 500.16 is the first level of resistance above 485.25, and by rule, any test of resistance is a short signal. In this case, if resistance 500.16 is being tested, so a short signal would exist.
Swing Trading Plans for COST
- Buy COST slightly over 487.14, target 500.16, Stop Loss @ 485.73 Details
If 487.14 begins to break higher, the technical summary data tells us to buy COST just slightly over 487.14, with an upside target of 500.16. The data also tells us to set a stop loss @ 485.73 in case the stock turns against the trade. 487.14 is the first level of resistance above 485.25, and by rule, any break above resistance is a buy signal. In this case, 487.14, 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 487.14, target 467.46, Stop Loss @ 488.55. Details
The technical summary data is suggesting a short of COST if it tests 487.14 with a downside target of 467.46. We should have a stop loss in place at 488.55 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, 487.14, 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 487.14, target 497.70, Stop Loss @ 486 Details
If 487.14 begins to break higher, the technical summary data tells us to buy COST just slightly over 487.14, with an upside target of 497.70. The data also tells us to set a stop loss @ 486 in case the stock turns against the trade. 487.14 is the first level of resistance above 485.25, and by rule, any break above resistance is a buy signal. In this case, 487.14, 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 487.14, target 482.03, Stop Loss @ 488.28. Details
The technical summary data is suggesting a short of COST if it tests 487.14 with a downside target of 482.03. We should have a stop loss in place at 488.28 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, 487.14, 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 January 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
448.74 |
| P2 |
482.03 |
467.46 |
500.16 |
| P3 |
497.70 |
487.14 |
548.63 |
AI Generated Signals for COST
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Costco Wholesale (NASDAQ: COST) report below is a real world example. Included are trading plans for COST, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for COST:
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