$COST Costco Wholesale Corporation Stock Robo Analyst October 23 2019 #COST

Costco Wholesale Corporation (COST) “On a long-term technical basis, the stock (COST) is trading above its 200-day moving average which implies it is in a positive trend.

The stock has support at 290.08 and 268.94. If the stock breaks down through support at 290.08 then it will probably continue lower to 268.94. The stock will meet resistance at 307.34 and 345.76. If the stock breaks up through resistance at 307.34 then it will probably continue higher to 345.76. The 200-day moving average is at 255.11. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (83.87), so look for a possible pullback soon. Confirm this with the Short-Term and Daily Opinion to keep from exiting prematurely.”