Costco Stock Notches Watchlist-Worthy RS Rating

Costco Wholesale (COST) had its Relative Strength Rating upgraded from 80 to 84 Monday. Is Costco stock on your watchlist?


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock’s price action over the last 52 weeks matches up against other publicly traded companies.

History reveals that the market’s biggest winners often have an RS Rating north of 80 in the early stages of their moves. So the 84 RS Rating for Costco stock is noteworthy.

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Is Costco Stock A Buy?

Costco stock has climbed more than 5% past a 389.55 entry in a first-stage cup with handle, meaning it’s now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks-tight pattern or a pullback to the 50-day or 10-week line.

The membership warehouse retailer reported 7% earnings growth in the latest quarterly report. Sales growth increased 17%.

Costco stock earns the No. 1 rank among its peers in the Retail-Major Discount Chains industry group.


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