Thursday, August 30, 2012

Costco Wholesale



Costco announced an increase of 6% in same-store sales for the month of August this morning. The stock traded to all time highs today closing at $98.59. The stock punched through it's Bollinger Bands on a daily time frame and a variety of technical indicators are reading overbought such as Stochastics and RSI. Costco could be a worthy name to add to a watch list if one is trying to get long some retail strength.

http://seaofopportunity.blogspot.com/

No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

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