When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Costco Wholesale just met that criteria with a new score of 81.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Costco Wholesale is trying to complete a consolidation with a 612.37 buy point. It does have some room to move up before jumping in. See if it can continue the climb and then break out in heavy trading.
The company posted 2% EPS growth last quarter, while sales growth came in at 16%.
Costco Wholesale holds the No. 1 rank among its peers in the Retail-Major Discount Chains industry group.
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