COST stock: buy or sell
Updated on:
Jul 29th, 2021
2
COST stock brief
- After reaching new highs on Wednesday, Costco Wholesale closed at $422.22 barely moving a -0.50%
Should I buy Costco Wholesale stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $COST stock a buy?
Currently, Costco Wholesale stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $COST will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Costco Wholesale stock?
When you are a novel trader and you own a stock with some profit, it's really difficult to decide the good moment to sell and get your benefits. In the same way as when we have to buy shares, determining when is appropiate time to sell is not a whimsical decision, and we must follow our own trading strategy. We like very simple setups to guide us on when is the best moment to sell a stock. Be aware that these setups should not be used for selling short Costco Wholesale stock
A golden rule is that you should never mantain an operation that generates losses greater than those expected at the time of purchase. The timing to sell shares must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Costco Wholesale stock?
In the current situation of Costco Wholesale there is not any eligible sell setup, so Costco Wholesale stock holders with operations in green can keep their positions
Costco Wholesale ratings
In the previous month we couldn't find any rating for Costco Wholesale
Costco Wholesale stock analysis
Since the price bottomed at $306.34 last March, the stock surged by 37.83%.
$COST at new All-time Highs
Costco Wholesale did it again, and marked new all-time highs (ATH) on Wednesday at $424.86. Stock surged fast in the last 2 weeks, smashing new all-time highs 6 times
SMAs overview
Supports and resistances
Price is at highs and there are not upper resistance levels.
The current supports are:
Bollinger bands
Since the price surpassed the upper band last Friday, the price has been corrected downwards by 0.42%. The price is trading near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks
Relative strength index
Climbed over the overbought line Wednesday, with a value of 71.7. Crossing up above the overbought zone is not a bearish signal, as stock price can be above 70 for many, many weeks and may continue to rise
Costco Wholesale stock price history
Costco Wholesale went public priced at an adjusted price1 of $7.52 on Jul 1986. Since then, COST stock surged by 5,514.63%, with an average of 157.56% per year. An investment of thousand dollars at that time would have a value of $56,146.28 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Costco Wholesale stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, financial institutions release their price target based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental data by the company, and many times. If you are a small investor you shouldn't trade based on these projections.
In the previous 30 days we couldn't find any price target posted for Costco Wholesale stock.
Earnings and financials
Costco Wholesale ($COST) had the quarterly investors event and presented the report last May. COST posted earnings of $2.75 per share on revenue of $45.3 million. The market estimate was $2.34 per share on revenue of $43.6 billion.
In comparing, the EPS for the same quarter last year was $1.89, so reported EPS means a gain of 45.50%. Turnover exploded a 21.50% on an annualized basis in the , from $372.7B to $452.8B last quarter.COST ($COST) presents Q4 earnings report next September. Analysts estimate of $3.41, that is a 24.00% higher than previous quarter.
Costco Wholesale performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Costco Wholesale ($COST) | 6.50% | 14.60% | 18.80% |
Please read:
The viewpoints contained in this post are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have an understanding of the individual circumstances of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for education motives onlyCOST summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $423.27 |
| Close | $422.22 |
| Day range | $420.54 - $424.86 |
| Previous close | $424.34 |
| Session gain | -0.50% |
| Average true range | $6.20 |
| 50d mov avg | $394.71 |
| 100d mov avg | $375.91 |
| 200d mov avg | $368.50 |
| Earnings date | September 23rd, 2021 |