Costco Trading Higher Ahead Of Q4 Report

Costco Wholesale Corp. COST shares are trading higher by $2.23 at $152.75 in Wednesday's session. The company will announce Q4 results after the close. Streets estimates stand for EPS at $1.29 with revenues of $28.51B. Ahead of the report, the issue is posting a nice gain. After a higher open, it retreated and found support junt under Tuesday's close ($150.52), reaching $150.39 before turning higher. So far, it has reached $152.95 and not far off that level. If the rally continues there may be additional resistance at its February 26 high ($153.41) as well its February 25 high ($154.88).
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!