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COSTCO WHOLESALE
(COST-Nasdaq):
Technical Viewpoint: From a low
of $41 7/8 on Feb 18, 2000 prices
rallied, reaching a
high of $51 7/8
on Mar 2, 2000. A
decline saw prices pull back, reaching a
low of
$42 3/8 on Mar 8, 2000.
Another rally saw prices penetrate
resistance, closing 4/11/00
at $57.44. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 16, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $50.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 7, 2000. A P&F upside
reversal takes place at $54.00. Summary: Technical indicators have turned bullish. BUY! COSTCO WHOLESALE
(COST-Nasdaq) @ $57 3/4 Stop: Use a protective stop of $54 7/8.
COSTCO WHOLESALE is currently trading @ $57.44 plus $3.19 on Apr 11, 2000. Price Objective:
$77.00. Risk/Reward: $2 7/8 VS. $19 1/4. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$77.00
Risk/Reward:
$2 7/8 VS. $19 1/4
Risk/Reward Ratio:
7:1
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