Costco Wholesale Corp

By root | November 26, 2007 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. Investing

    How To Trade Foreign Stocks

  2. Investing

    How Bitcoin Can Change The World

  3. Credit & Loans

    Meet The Company Behind Your FICO Score

  4. Stock Analysis

    Does Celgene Have Another Blockbuster on the Way?

  5. Stock Analysis

    3 Risks That Could Impact ExOne This Year

Trading Center