Oct 06, 2019 (Stock Traders Daily via COMTEX) -- The Costco Wholesale /zigman2/quotes/201191698/composite COST +1.05% update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for COST, and 1300 other stocks too, updated in real time for our trial subscribers . The data below is a snapshot, but updates are available now.
The Technical Summary and Trading Plans for COST help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this COST Report.
The technical summary data tells us to buy COST near 273.80 with an upside target of 294.69. This data also tells us to set a stop loss @ 273.54 to protect against excessive loss in case the stock begins to move against the trade. 273.80 is the first level of support below 291.67 , and by rule, any test of support is a buy signal. In this case, support 273.80 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of COST as it gets near 294.69 with a downside target of 273.80. We should have a stop loss in place at 294.95 though. 294.69 is the first level of resistance above 291.67, and by rule, any test of resistance is a short signal. In this case, if resistance 294.69 is being tested, a short signal would exist.