Costco Wholesale stock had its Relative Strength (RS) Rating upgraded from 67 to 73 Friday -- a welcome improvement, but still short of the 80 or higher score you look for.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves. See if Costco Wholesale stock can continue to rebound and hit that benchmark.
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Is Costco Wholesale Stock A Buy?
Costco Wholesale stock is trying to complete a flat base with a 571.16 entry. See if the stock can break out in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth increased last quarter from 13% to 18%. But sales fell from 6% to 2%. The company is expected to report its latest earnings and sales numbers on or around Sep. 26.
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."
