Thursday, October 30, 2014

Thursday's Finalists: COST

The Washington-based global cut-rate retailer Costco Wholesale Corp. (COST) is the lone survivor of the early rounds of analysis. It appears on both my standard list and my supplement list of innovative companies. I'll be posting an analysis of COST as a potential bull play prior to the closing bell.

COST was one of three symbols in my analytical universe that have survived this far. The other two, also bull, signals have stumbled, however.

ULTA failed confirmation, and RTN, although confirming its signal, has an insufficiently bullish chart to justify a trade.

In addition to COST, a second symbol on my innovators list, DEO, made it past the early analysis but failed confirmation.

-- Tim Bovee, Portland, Oregon, Oct. 30, 2014


My shorter-term trading rules can be read here. My longer-term trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here. My very short term volatility trading rules can be read here

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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