Costco Wholesale stock saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 68 to 74.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 as they begin their biggest runs. See if Costco Wholesale stock can continue to rebound and clear that threshold.
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Is Costco Wholesale Stock A Buy?
Costco Wholesale stock is trying to complete a consolidation with a 564.85 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Earnings growth picked up last quarter from 13% to 18%. But revenue gains fell from 6% to 2%.
Costco Wholesale stock holds 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."
