Overall industry breakdown makes COST a potential candidate for short. In the technical side it is rolling over from a double top and broke Upward trend. Money-flow is heading down. We think it can decline to 140 area. You can check our detailed analysis on DNAI in the trading room/ Executive summery link here- www.screencast.com Time Span: 18:00” Trade...
NASDAQ:COST 05JUN16 - Entry criteria: 1. Short Position - If we get confirming bearish candlestick formations at the stop of the channel supporting by weak market performance over the week, potential to enter short and ride to $137. 2. Long Position - Potential to trade this long if a breakout forms out from the downward price channel and a base of support...
For all practical purposes, this quarter's earnings season is all but over. However, there is one last play I might do and that is in COST, which announces earnings on Tuesday after market close. Currently, it's implied volatility rank is 58 and its implied volatility is 26. Generally speaking, I like to see the rank in the 70% percentile, and this isn't quite...
Due to continuous demand for US Treasury securities over the last 30 years and due to global deflationary pressures, triggered by globalization (cost optimization of global businesses) - the yields of 10 and 30 year Notes continue to decline along their long term descending trend line The result of such a development - is the current cost of US debt is lower than...
Notes on chart including indicators using Rob Hoffman's Inventory Retracement Bar Trade algorithm.
Costco caught up some buying momentum after it broke up its consolidation resistance at $116.60 and had 2 days of follow through. Price found top at $126 and was sold off to $110 which acts like major support for this stock. It was out of play for couple of months but for now if it will hold above breakout point it will keep active traders attention. Higher lows...