Market Update: Move From Open of 0.33 on Shares of Costco Wholesale Corporation (NASDAQ:COST)

At times, investors may be prone to making impulsive or irrational decisions when it comes to the stock market. Finding a way to leave emotions out of important investing decisions can greatly assist the investor in achieving their goals. Investors who stay committed to a plan may be able to fight off emotional urges when certain situations arise. Investors may find it useful to rebalance the portfolio as opposed to chasing market performance when adjustments need to be made. Making sure the stock portfolio is aligned to suit the goals of the individual investor may play an important role in being able to consistently sustain profits well into the future.  

Traders have the ability to use a wide range of indicators when studying stocks. Each trader will typically find a few indicators that they heavily rely on. The Ichimoku Cloud indicator works to identify trend direction, gauge momentum, and identify trading opportunities based on crossovers. We can view some Ichimoku indicator levels below for Costco Wholesale Corporation (NASDAQ:COST):

Ichimoku Lead 1: 203.415
Ichimoku Lead 2: 211.37
Ichimoku Cloud Base Line: 207.005
Ichimoku Cloud Conversion Line: 211.16

Technical traders focusing on Donchian Channels will note that the 20 period lower band reading is currently 203.54 on shares of Costco Wholesale Corporation (NASDAQ:COST). The 20 period upper band reading is 214.16. Donchian Channels can be used to gauge the volatility of a market. This is a banded indicator akin to Bollinger Bands.

Putting a closer focus on shares of Costco Wholesale Corporation (NASDAQ:COST), we see that since the opening price of 213.28, the stock has moved 0.33. Tracking shares, we note that the consensus stock rating is Buy. Volume today clocks in around 421225. Over the course of the current session, the stock has topped out at 213.8 and seen a low price of 213.13. Investors will be putting 3/7/2019 on the schedule as the company is slated to next report earnings around that date.

Taking a look at some historical highs and lows for Costco Wholesale Corporation (NASDAQ:COST), we see that the all time high is currently 245.16, and the all time low is 0.9375. Investors often pay added attention to a stock when it is nearing a historical high point or low point. For the last year, the high price is 245.16, and the low price stands at 175.79. For the last six months, the high was seen at 245.16, and the low was tracked at 189.51. If we move in closer, the three month high/low is 240.88/189.51, and the one month high/low is 214.16/189.51.

Technical analysis on the stock may include following the Keltner Channels indicator. Currently, the 20 day upper band is 212.01123. The 20 day lower band is noted at 207.63927. The KC indicator is considered a lagging indicator. Traders may use the values to help spot overbought and oversold conditions.

Traders following the Chaikin Money Flow indicator will note that the current 20 day reading is 0.2668157. The CMF value will fluctuate between 1 and -1. In general, a value closer to 1 would indicate higher buying pressure. A value closer to -1 would represent higher selling pressure.

Traders following the stock may be watching SMA or Simple Moving Average Levels. Many traders will be watching out for when the shorter-term averages cross above the longer-term averages as this may point to the start of an uptrend. Let’s look at the following SMA readings:

SMA 50 day: 205.58093
SMA 30 day: 207.90666
SMA 200 day: 224.28775
SMA 20 day: 210.11826
SMA 100 day: 217.34454
SMA 10 day210.9355

Individual investors often have a lot to deal with when surveying the stock market landscape. Choosing stocks based on recent performance may not work out as well as planned. Stocks that were winners last year, last month, or even last week, may not be winners next week, next month, or next year. Digging into the fundamentals can help the investor see what stocks are set up for future success. Taking multiple approaches when viewing a certain security may help the investor put the puzzle together and see the bigger picture. Staying current on economic data can also help the investor obtain a broader sense of what is driving present market conditions.

Traders following the Hull Moving Average will note that the current level is 212.91937. The calculation uses the weighted moving average and it puts the emphasis on recent prices over older prices.

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