Roughly $478 the floor for Costco?
I've kept an eye on stocks such as Costco (
COST) ever since the pandemic. Now, with the U.S. economy sputtering and likely already in a recession (based on the definition) I believe low-price, big-box retailers could be a strong bet.
Looking at the trendlines (this is my first time publishing, so be gentle), it looks to me like Costco should hold at or around $478.
I sold off my shares before the dip really began. But, I'm thinking about buying back in and staying long through the recession.
Any thoughts?
COST) ever since the pandemic. Now, with the U.S. economy sputtering and likely already in a recession (based on the definition) I believe low-price, big-box retailers could be a strong bet.Looking at the trendlines (this is my first time publishing, so be gentle), it looks to me like Costco should hold at or around $478.
I sold off my shares before the dip really began. But, I'm thinking about buying back in and staying long through the recession.
Any thoughts?
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