Costco Wholesale Corp

AAA

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. Stock Analysis

    How Can Broadcom Grow Its Connectivity Business?

  2. Stock Analysis

    What Has Been Delta Airlines Strategy To Soar?

  3. Stock Analysis

    What Is Amgen’s New Target?

  4. Stock Analysis

    What’s The Future Of Advanced Micro Devices?

  5. Stock Analysis

    What Is Sempra Energy’s Future With LNG?

Trading Center