COST Stretched at $1092.21, RSI Overbought
Costco Wholesale Corp (COST) closed up 0.43% at $1092.21 on November 13.
Chart analysis reveals a bullish configuration:
Momentum
RSI at 73.6 is in overbought territory, suggesting potential near-term exhaustion. MACD is bullish (32.99 vs signal 27.65).
Moving Averages
Price trades above the 9-day EMA ($1060.45) with a bullish stack. The 21-day EMA at $1027.89 provides support.
Volatility
Bollinger Band width at 13.4% indicates normal volatility.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Traders are watching $957.61 on the downside and $1094.90 on the upside.
