Login

Register

Login

Register

Costco Earnings Trade Alert: Head & Shoulders

Shares of Costco Wholesale Corp (COST) are set to report earnings after the close today. Analysts have loft expectations, with big beats expected on the top and bottom line. However, there is a Costco earnings trade alert that says otherwise when looking at the chart. The Costco stock chart has a crystal clear head and shoulder on it. Should the neck-line break going into earnings at $371.50 and there is no support until $357.00. This implies a potential hard sell on earnings today from Costco. This Costco earnings trade alert comes with risk, but the risk/reward makes sense. Upside would be $388 to a double top while the downside is $357.00. In addition, the other technical indicators scream overbought on Costco.

Members of Gareth’s Verified Investing Alerts have closed out 194 swing trades already in 2020 for a net gain of 1,761.10%. Join now and get the exact entry/exit price alerts, stops and targets…LIVE. Get The Action NOW by Clicking HERE