How can two companies in the same sector, that basically sell the same products in bulk look so different? Well lets take look at the evidence in the charts in a comparison between $BJRI ( BJS RESTURANT iNC ) AND $COST ( COSTCO WHOLESALE CORP ).
As seen in the chart below $COST looks like it wants to resolve this symmetrical triangle higher. We want to be long this name above $384.19 with a short term target of $397.13 and a longer term target of $431.79 as seen on the weekly chart. It is currently above all moving averages, developing a daily squeeze, and tends to run up into its same store sales number.
Now lets take a look at the $BJRI chart which is telling a totally different story…
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