Ominous Death Cross Forms on Costco Wholesale Chart

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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.

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