COST: High Risk for Long Term Buy

Considering your risk is something that all investors and traders should do before trading or investing in any stock. Often when a stock displays this much risk on the long- and intermediate-term time frames, it also warns of risk for short-term trading as well. The Weekly Chart provides better perspective of the risk of buying the stock at this new all-time high price. There is no support nearby. See how many points are at risk if a correction occurs?

Trade Wisely,
Martha Stokes, CMT