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Short Chart Alert: Costco (COST)

Published 10/09/2019, 05:37 AM
Updated 05/14/2017, 06:45 AM

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.

Costco Daily Chart

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