The Costco Wholesale (NASDAQ: COST) report below can help you find opportunity, and manage risk. The trading plans for COST, and the other 1000+ stocks we follow, are updated in real time for subscribers. If you want an update, or a different report, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Weak | Weak | Strong |
P1 | 0 | 0 | 350.78 |
P2 | 358.17 | 358.78 | 371.88 |
P3 | 362.43 | 363.34 | 392.87 |
Long Term Trading Plans for COST
December 28, 2020, 4:00 pm ET
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.
COST - (Long) Support Plan
The technical summary data tells us to buy COST near 350.78 with an upside target of 371.88. This data also tells us to set a stop loss @ 349.77 to protect against excessive loss in case the stock begins to move against the trade. 350.78 is the first level of support below 371.04 , and by rule, any test of support is a buy signal. In this case, support 350.78 would be being tested, so a buy signal would exist.
COST - (Short) Resistance Plan
The technical summary data is suggesting a short of COST as it gets near 371.88 with a downside target of 350.78. We should have a stop loss in place at 372.95though. 371.88 is the first level of resistance above 371.04, and by rule, any test of resistance is a short signal. In this case, if resistance 371.88 is being tested, so a short signal would exist.