COST ends the day on a bullish note closing near the high of the day
Costco Wholesale Corporation (COST) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team
Moving higher for the 2nd day in a row, COST ended the week 3.3% higher at 216.54 after surging $2.52 (1.18%) today. Today's closing price of 216.54 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 214.17, the market confirms its breakout through the prior session's high having traded $2.47 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Daily Candlestick Chart (COST as at Jul 13, 2018):
Friday's trading range was $2.93 (1.37%), that's above last trading month's daily average range of $2.50. Weekly volatility is also higher, being above the markets average with the monthly volatility being slightly below average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.