COST ends the day on a bullish note closing near the high of the day

Costco Co. (COST) Technical Analysis Report for Jul 13, 2018

Highlights

COST dominated by bulls lifting the market higher throughout the day
COST closes higher for the 2nd day in a row
COST ends the day on a bullish note closing near the high of the day
COST pushes through previous session high
COST rises to highest close since Inception

TQ Sentiment

Report Sentiment:
60% Bullish
Technical Forecast:

Overview

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 chart for COST

Volatility

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.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

While classical technical analysis indicates a slightly bullish sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Costco Co.

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