Costco Stock Hits A Death Cross — But Don't Hit Sell Just Yet

Costco

Costco Wholesale Corp (NASDAQ:COST) is about to experience its first Death Cross since October 2022, sending technical analysts into a frenzy. For the uninitiated, a Death Cross occurs when the 50-day moving average crosses below the 200-day moving average—a pattern often linked with bearish signals. Naturally, Wall Street chatter starts with "Sell!"

Track COST stock here.