(Finance) – The stock moves weakly Costco Wholesale which trades down by 0.44%.
The slowdown in sales is weighing on the shares of the department store chain: they grew by 5.6% in November, to 21.87 billion dollars, compared to the +7.2% recorded in October and the + 9% in September.
The trend of manager of a series of hypermarket chains shows a trend in line with that ofS&P 100. This situation classifies the security as a low alpha value asset that does not generate any added value in terms of return compared to the reference index.
Signs of strengthening for the short-term trend with the most immediate resistance seen at 991.7 USD, with a support level controlling the current phase estimated at 979.8. The balanced bullish strength of Costco Wholesale it is supported by the upward crossing of the 5-day moving average over the 34-day moving average. Due to the technical implications assumed, we should see a continuation of the bullish phase towards 1,003.7.