Costco is American multinational cooperation, which operates a chain of membership warehouses and is traded on the Nasdaq. The company is set to report its quarterly earnings for the fiscal quarter ending February 2019th. The actual report is going to be released on the 07/03/19 after the market close. The forecast is for 1.67 earnings per share.
The last quarterly report announced a 1.61earnings per share with the forecast actually being 1.62, which forced the market into a bearish correction from 226.49 to 190.05. This actually turned out to be the least volatile market surprise, considering the previous three earning quarterly reports, with only a -0.62% margin miscalculation of the forecast. As a result of that, the shares dropped with more than 35 dollars in the next seven trading sessions.
A similar movement, with comparable or exceeding price swing, can be expected to be triggered from the earnings report on Thursday. So here are the major support and resistance levels (the blue rectangle highlights the market's reaction to the last earnings report in the first trading day after):
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