A New Bull Run For Costco?
Gregory W. Harmon | Jul 16, 2014 12:46AM ET
Every trader or investor has barometers that they use to measure the health of the stock market. You hear ‘only price pays’ from trend followers and chart masters. Some others like to use momentum indicators or price patterns. Fundamental investors talk of PE multiples. And others use relative strength to try to gain an edge. But outside of those tools many also just look at a handful of stocks to get a feel, totally unscientifically, on the health of the market. One of those for me is Costco (NASDAQ:COST). My family is there every week at least once and it is always humming with activity. But the stock price does not always hum. This is where the market tell part comes in. When Costco stock is running the market feels good and is running too. They may not start at the same time but when they are both moving things are good.
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