Costco Wholesale Corp (Nasdaq:COST) has held up fairly well in the weak market and it will be interesting to see if the company can follow in Wal-Mart's (NYSE:WMT) footsteps when it releases earnings on December 13. As you can see from the chart below, the bears have been unable to send the price below the support of the $64.50 mark. Many traders will hold a bullish outlook on this stock until the price moves below this horizontal trendline. We've also added the On Balance Volume indicator, which has been steadily sloping upward - a sign that money is flowing into the stock and preventing the price from moving lower.




You May Also Like

Related Analysis
  1. Trading Strategies

    IPO Flippers And The Companies Who Hate Them

  2. Entrepreneurship

    Netflix's New Strategy: Penetrate Your Hotel Room

  3. Stock Analysis

    Sohu.com Reports Solid Second Quarter

  4. Stock Analysis

    Changyou.com Tops Earnings Estimates

  5. Stock Analysis

    Blackstone CFO Resigns to Join Airbnb

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!