Shares of Costco (NASDAQ:COST) (COST) are retracing the recent drop off of all-time highs. This gives swing trade short players a chance to short this expensive wholesale club at a great technical level. The daily stock chart dictates a short at $299.00, a key gap fill. It is important to recognize that Costco put in an epic top signal when it broke briefly above $300/share. The stock had a major reversal/engulfing candle. This gives swing trade investors a great thing to trade off of.
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