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Costco Is Getting Crushed — Here's How to Trade it Now

Shares of Costco (COST) are getting pounded today. The retailer is off over 3% on very heavy trade following disappointing news yesterday. Costco opened today's session with a huge breakdown gap that drove shares well below the August lows. The stock has drifted lower since the bell as it stretches the pullback from the 2015/2016 double top of over 7.5%.

Costco began to struggle shortly after retesting its 2015 high in mid-August. The stock remained in a...