Short Chart Alert: Costco (COST)
InTheMoneyStocks.com | Oct 09, 2019 05:37AM ET
Shares of Costco (NASDAQ:COST) (COST) are retracing the recent drop off of all-time highs. This gives swing trade short players a chance to short this expensive wholesale club at a great technical level. The daily stock chart dictates a short at $299.00, a key gap fill. It is important to recognize that Costco put in an epic top signal when it broke briefly above $300/share. The stock had a major reversal/engulfing candle. This gives swing trade investors a great thing to trade off of.
For live trades, entry prices, stops, targets and daily videos, join Verified Investing and follow Master Trader Gareth Soloway.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.