If history is any guide, there can be trouble when it comes to stocks Costco Wholesale COSTS. A so-called “death cross” has formed on its chart, which unsurprisingly could be bearish for the stock.
What you should know: Many traders use moving average crossover systems to make their decisions.
When a shorter-term average price exceeds a longer-term average price, it could mean that the stock is trending higher. If the short-term average price is lower than the long-term average price, it means the trend is lower.
Why it matters: The 50-day and 200-day simple moving averages are commonly used.
The death cross occurs when 50 days falls below 200 days. This could mean that the long-term trend is changing.
That just happened to Costco Wholesale, which is trading at around $446.81 at the time of publication.
Remember: Seasoned investors don’t trade death crosses blindly.
Instead, they use it as a signal to look for short positions based on other factors, such as price levels and company fundamentals and events.
For experienced investors, this is just a sign that it might be time to consider possible short positions.
With that in mind, take a look at Costco Wholesale‘s past and upcoming earnings expectations:
quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
---|---|---|---|---|
EPS estimate | 3.03 | 2.73 | 2.63 | 3.57 |
EPS actually | 3.17 | 2.92 | 2.97 | 3.90 |
Revenue (estimated | 51.71B | 51.37B | 49.56B | 61.30B |
revenue is | 52.60B | 51.90B | 50.36B | 62.67B |
quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
---|---|---|---|---|
EPS estimate | 3.03 | 2.73 | 2.63 | 3.57 |
EPS actually | 3.17 | 2.92 | 2.97 | 3.90 |
Revenue (estimated | 51.71B | 51.37B | 49.56B | 61.30B |
revenue is | 52.60B | 51.90B | 50.36B | 62.67B |
Also, check out this summary of Costco Wholesale analyst ratings:
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This article was created by Benzinga’s automated content engine and reviewed by an editor.