When Costco Wholesale ($COST) Moves Investors should Listen
April 02, 2023, 05:30 am ET, BY Barry C.- 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 496.87 , 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 496.87, 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 499.82, target 531.04, Stop Loss @ 498.38 Details
If 499.82 begins to break higher, the technical summary data tells us to buy COST just slightly over 499.82, with an upside target of 531.04. The data also tells us to set a stop loss @ 498.38 in case the stock turns against the trade. 499.82 is the first level of resistance above 496.87, and by rule, any break above resistance is a buy signal. In this case, 499.82, 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 499.82, target 493.28, Stop Loss @ 501.26. Details
The technical summary data is suggesting a short of COST if it tests 499.82 with a downside target of 493.28. We should have a stop loss in place at 501.26 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, 499.82, 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 498.34, target 499.82, Stop Loss @ 497.18 Details
If 498.34 begins to break higher, the technical summary data tells us to buy COST just slightly over 498.34, with an upside target of 499.82. The data also tells us to set a stop loss @ 497.18 in case the stock turns against the trade. 498.34 is the first level of resistance above 496.87, and by rule, any break above resistance is a buy signal. In this case, 498.34, 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 498.34, target 493.28, Stop Loss @ 499.5. Details
The technical summary data is suggesting a short of COST if it tests 498.34 with a downside target of 493.28. We should have a stop loss in place at 499.5 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, 498.34, 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 April 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Neutral |
| P1 |
0 |
0 |
437.69 |
| P2 |
492.63 |
493.28 |
485.80 |
| P3 |
498.34 |
499.82 |
531.04 |
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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