On Wednesday, Costco Wholesale stock got a positive adjustment to its Relative Strength (RS) Rating, from 67 to 72.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to the rest of the market.
History reveals that the best-performing stocks often have an 80 or higher RS Rating as they begin their biggest price moves. See if Costco Wholesale can continue to show renewed price strength and hit that benchmark.
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Is Costco Wholesale Stock A Buy?
Costco Wholesale stock has been trading below its 50- and 200-day moving average in recent weeks. While it's not currently an ideal time to jump in, see if the stock goes on to establish and enter a buy zone in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While the discount chain retailer's top line growth fell last quarter from 16% to 15%, the bottom line grew 8%, up from 2% in the previous report.
Costco Wholesale stock earns the No. 1 rank among its peers in the Retail-Major Discount Chains industry group. For more industry news, check out "Retail Industry News And Stocks To Watch."
