Stock Chart Analysis COST

Posted by downtowntrader | 11/18/2007 09:36:00 PM | 1 comments »

Stock Chart Analysis COST

Costco Wholesale Corporation (Public, NASDAQ:COST)

COST has been in the process of consolidating an early October breakout and has weathered the recent pullback without too much chart damage. It is actually pretty close to all time highs, and with the holiday season upon us, it may get the shot in the arm it needs to breakout. The other thing I like here is the fact that the stop loss area is pretty easy to define, with 65-63 being the number based on your trading style. If the markets get a Santa Claus rally, then I feel COST will easily make new highs,


Good Trading,


Joey

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1 comments

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