Liking the Look of Costco

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

cost

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

 

Columnist Conversations

Using this year's estimate to make a P/E is pretty standard. Basing a multiple on 2015's projected EPS is not ...
YHOO is trading $40.81, down 3.0% with IV30™ down 16.1%. Alibaba is trading at $92.41 on the first day ...
This chart is in reference to today's article on VIPS. This is a new pullback to consider if it retriggers. ...
The bull channel that has been in place since the late July/early August lows is clearly broken. Two wee...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.