Costco Poised For Retracement
Costco Wholesale (COST) is extended on the daily and weekly charts. After gapping higher on Wednesday, a push through to higher levels failed in morning trading Friday. Trading volume on Friday was also lower, even by Friday standards.
Trending stocks that gap higher often tire the day or two after gapping higher. The intense buying pressure pushing shares higher after a news event runs its course and the balance of buying pressure relative to selling pressure shifts....211 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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