The Relative Strength (RS) Rating for Costco Wholesale stock entered a new percentile Monday, with a rise from 79 to 82.
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This proprietary rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best stocks typically have an 80 or better RS Rating in the early stages of their moves.
Is Costco Wholesale Stock A Buy?
Costco Wholesale stock is still inside a buying range after climbing above a 1,039.47 buy point in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered extended and out of buy range.
While the company's top line growth fell last quarter from 9% to 8%, EPS grew 13%, up from 8% in the previous report.
Costco Wholesale earns the No. 2 rank among its peers in the Retail-Major Discount Chains industry group. PriceSmart is the No. 1-ranked stock within the group. For more industry news, check out "Retail Industry News And Stocks To Watch."
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