COST Enters Squeeze Mode at $943.89
Costco Wholesale Corp (COST) closed down 0.17% at $943.89 on August 31.
From a technical standpoint, the outlook appears bearish:
Moving Averages
Bearish EMA structure persists with price below the 9-day ($949.02) and 21-day ($950.14).
Momentum
RSI at 47.2 is in neutral territory but trending lower. MACD reads -0.52 against its 0.80 signal line (bearish).
Volatility
A 20-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
Traders are watching $932.55 on the downside and $969.55 on the upside.
