AO Signal Review for Costco Wholesale Corporation (NASDAQ:COST): Oscillator Reading 1.18154118

When setting up a personal stock investment strategy, individual investors often set short-term and long-term goals. These goals may address the questions of specific objectives, how to start achieving these objectives, and the amount of risk that the individual is comfortable taking on. Once goals are in place, the investor can start to think about the overall strategy, and how they are going to start building the portfolio. A large number of investors will not reach their goals that they created at the outset. There may be many different reasons for this, but getting caught up in the excitement and chasing performance may be near the top of the list. Investors who figure out how to focus on the right information are typically more prepared for the numerous challenges that arise when dealing with the equity market.

Tracking some stock ratings, we can see that the stock’s Moving Average Rating is currently pointing to a “Neutral” for Costco Wholesale Corporation (NASDAQ:COST). Traders may be monitoring many different indicators in order to get a grasp of where the stock may be moving in the near future. Taking a look at the Oscillators rating, we note that the reading is pointing to a “Buy”.

Following trading action on shares of Costco Wholesale Corporation (NASDAQ:COST), we see that the stock has moved 0.35 since the opening price of 290.37. So far, the stock has reached a high of 294.07 and dipped to a low of 289.85. The consensus rating on the stock is currently Buy, and today’s volume has been measured around 978744.

Technical traders have many tools at their disposal when conducting stock research. One of those tools is the Exponential Moving Average or EMA. The EMA is similar to the simple moving average, but more weight is put on the newest data. Let’s look at some different EMA levels:

10 day Exponential Moving Average: 293.2741808
20 day Exponential Moving Average: 292.9946653
30 day Exponential Moving Average: 291.1245863
50 day Exponential Moving Average: 287.4320637
100 day Exponential Moving Average: 280.1234148
200 day Exponential Moving Average: 268.3303059

Taking a look at the Donchian Channels indicator, we note that the 20 day lower band is 287.81. The 20 day upper band is 307.34. This indicator was created by Richard Donchian, and traders follow these channels to help identify potential trading signals.

Traders will take note of the 20 day Chaikin Money Flow indicator that is now at -0.08593282. The value of this indicator will fluctuate between 1 and -1. Traders may be watching when the CMF crosses zero. This cross might point to a bullish or bearish price reversal depending on which way it is moving crossing the zero line.

The Awesome Oscillator reading is currently 1.18154118. Technical traders will watch the AO especially when it crosses above or below the zero line. A move above the line may signal a bullish scenario. A move below the zero line may indicate a bearish selling opportunity. The AO may prove to be a valuable tool for many momentum traders.

There are a number of different pivot points that traders can use when conducting stock analysis. Pivot points can be useful for traders looking to establish trading entry and exit points. Focusing on some popular one month pivots for Costco Wholesale Corporation (NASDAQ:COST), we see that the Woodie pivot is currently at 301.275. The Woodie support 1 pivot is 297.91, and the Woodie resistance 1 pivot is 312.09. The Camarilla one month pivot is presently 299.6233333. The one month Classic pivot is 299.6233333 and the Classic resistance 1 is 308.7866667 while the Classic support 1 pivot is measured at 294.6066667.

There are various types of investment philosophies that investors may choose to follow when approaching the stock market. Value investing involves searching for undervalued or bargain stocks that may eventually offer solid returns. Growth investors often buy companies that have highly promising growth potential. Some investors will choose to invest with a contrarian approach. This entails making investment decisions that are opposite of what the majority are doing, such as buying when everyone else is selling and vice-versa. Socially responsible investors may be searching for companies that subscribe to a high level of ethical or moral standards.   

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