COST Volatility Squeeze Intensifies at $954.17
Costco Wholesale Corp (COST) slipped 2.04% to $954.17 on July 31.
Key indicators suggest a bullish bias:
Moving Averages
Price trades above the 9-day EMA ($949.48) with a bullish stack. The 21-day EMA at $945.99 provides support.
Momentum
RSI at 52.0 is neutral but improving. MACD reads -0.64 against its -6.47 signal line (bullish).
Volatility
Volatility has been compressing for 20 sessions (TTM Squeeze active), often a precursor to directional moves.
The $905.78-$972.49 range defines near-term boundaries.
