Liking the Look of Costco

 | Sep 06, 2013 | 9:30 AM EDT  | Comments
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Stock quotes in this article:

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In the video, I describe why I like the buy side of Costco (COST) against the recent time and price low.

The upside potential shown by target one on this daily chart is $122.92. The maximum risk can be defined either below the Aug. 29 low made at $110.19 or below the low end of the price cluster zone at the $109.28 area.

Let's take a look at the setup.

 

Costco (COST)
Source: Dynamic Trader

 

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