Score 9 (out of 10): COSTCO WHOLESALE poised to seasonally rally by +5.1% during the next 60
days.

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What’s Going On Here?

Costco Wholesale is set to open its first stores in New Zealand and Iowa.

Why Now?

COSTCO WHOLESALE indicates an interesting 60 days seasonal set up. During similar occasions, COSTCO WHOLESALE shares had a median return of +5.1% – based on 9 historical occasions with 8 of those showing positive returns (89%). This buy signal for COSTCO WHOLESALE received a high score of 9 (out of 10). This insight was generated with last price of 529.64.

What’s This Token About?

COSTCO WHOLESALE is in the Retail-Discount business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: COST US.

What’s My Risk / Reward and Time Horizon?

We found 60 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 556.88 (+5.1%) has been reached. Based on COSTCO WHOLESALE’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 513.74 (last price at 529.64), which is equivalent to a -3% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

6.8% (October-2021), 8.3% (October-2020), 2.3% (October-2019), 8.8% (October-2018), -0.4% (October-2017), 7.4% (October- 2016), 4.2% (October-2015), 3.5% (October-2014), 6.1% (October-2013)

Historical Chart:

Summary:

NameCOSTCO WHOLESALE
ViewUp
Star (1 to 10)9
Target5.1%
Time60 days
Hit Rate89%

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