Costco has been in an overexuberant decline since news of the Amazon and Whole Foods merger. Fortunately, this decline in the stock has brought it in-line with recent support levels and should begin to move upward once again. The stock has been in a consistent bullish trend since 2010. The recent decline seems to be part of the natural cycle for Costco. This cycle...
$COST at 151 it could rebound from 149.92 or 45-degree at Gann's support
COST is still under huge selling pressure after another downgrade by BMO on Monday, and as I wrote last week, I've waited quite a while for a good entry for the company. Although I didn't really trade it,last week the BAT pattern failed as it gave such a small room for the stock to run. While when the X @ 156.59 broke, it did give good short continuation to make...
COST looks to be a short now breaking below recent range support.
According to the chart, there is a Bat pattern on COST and it suggests a 159.63 (0.886XA); while the trade may already fail if you traded it perfectly right to give the out to 1cent below X(156.59). I've waited for a while for an actionable set-up to long COST, and I believe it's coming soon. In my opinion, COST is a kind of company that is both great for...
Bullish $COST heading into sales report. Bearish $CMG. #STUDY differences.
and sell at resistance. What have you been doing?
Hammer on daily and quietly approaching 200D , after which gap fill.
Long Costco on market overreaction to 170 and I'll leave some on and aim for 180.
Large knee-jerk selloff + July 4th weekend coming up + historical precedence = good entry opportunity
After news of AMZN's acquisition of WFM, COST's implied volatility has popped here, with its implied volatility rank ramping up to the 67th percentile over the preceding 52-week period, and with background implied volatility at 21%, making a premium selling play potentially worthwhile. Metrics: Probability of Profit: 64% Max Profit: $93/contract Max Loss/Buying...
$COST 171.6 possible V from here, support 169.7, stop 163
On May 17, Costco bounced off of its reoccurring support level. This has been solid support since August 2015. Costco also has earnings in focus this week. The estimated EPS is nearly where it was during the previous quarter's EPS which was a massive miss. A similar massive miss this time around will yield the analysis contained herein almost worthless. However,...
Short COST Entrance to rollback but there is a probability of reversal
COST U.S. 06/16/17 160 CALL for $9.35