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Actionable news in COST: Costco Wholesale Corporation,

Costco Is Vulnerable and Headed Lower


Costco (COST - Get Report) is extending yesterday's high-volume decline. On Thursday, the stock fell over 2.4% after reporting disappointing sales figures. It managed to hold on to key support near $147 as the session came to a close, but this morning the stock is getting hit again.

Costco began this month in a vulnerable position and, following the last two days, shares are even more so.

Click here to see the below chart in a new window.

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