$COST Costco Wholesale Corporation Stock Robo Analyst October 30 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 292.06 and 277.31. If the stock breaks down through support at 292.06 then it will probably continue lower to 277.31. 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 256.85. This will also act as support. The stock is slightly overbought according to the Stochastic Indicator (70.95).”