TheTrendLineInvestor

Happy Mother's Day - A Look At Retail Stocks

NASDAQ:COST   COSTCO WHOLESALE CORP
Happy Mothers Day!! To all of you who give birth to our children, you deserve so much more than just one day a year...

Now don't take this wrong but when I think of the women in my life they all have one thing in common - Shopping! In the best way possible, they all love to shop or have accepted the shopping "chore" as I refer to it. Shopping is a HUGE chore in my opinion. Not one that I would like to take on as many women have.

Many teach the "invest in what you know & understand" lesson. Even if you are not the one out there shopping, you know where the important women in your life shop. Places like Costco, Macy's, Target, TJ Max, Ross, Kohls             , Lulu Lemon, etc. Can I just say I LOVE yoga pants! Oops. Sorry. That was off topic... If women really like going there to shop, you may be looking at a good investment.

Pull up the charts for the stores I have listed above and any other store that you know is a frequent destination for the women in your life. My guess is you will find some good investing opportunities.

You are looking at a WEEKLY chart of Costco (Cost). Back in 2008 & 2009             the stock was in a downtrend. But once there was a weekly close above the downtrend line back in early 2009             , the stock never looked back. You could have entered a long position at around $45 per share six years ago. On average you could have made about 41% per year since then.

In August of 2010 the buying picked up. You can see the beginning of UT 2. And that uptrend line lasted until the middle of 2014. At that point is where UT 3 began. The stock is currently way above UT 3 and coming down. It may stop at the first of second horizontal lines. It may drop to UT 3. Or it could drop to UT 2. No one really knows.

The one thing I will tell you is when there is a weekly close above the red DT line, you should look at buying again. I would say you have a high probability, at that point, of doing just fine. Why not buy now? Well mostly because the stock is following a downtrend line at the moment.

There is one other thing I would like to point out. If you plot the 8, 21, 50, 100, 150, and 200 exponential moving averages you will see that they are stacked in the proper order. Just like they should be for a long investment.

If you have a company you want me to chart for you just ask me in the comments section of this idea. Have a great day!
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