Costco Wholesale had its Relative Strength (RS) Rating upgraded from 66 to 73 Monday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
IBD's proprietary rating measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating of at least 80 as they begin their biggest runs. See if Costco Wholesale can continue to show renewed price strength and clear that threshold.
Can You Really Time The Stock Market?
While the stock is not near a proper buy zone right now, see if it is able to form and break out from a proper consolidation.
Earnings growth dropped in the most recent report from 10% to 8%. But sales moved higher, from 8% to 9%.
The company earns the No. 1 rank among its peers in the Retail-Major Discount Chains industry group. Walmart and PriceSmart are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
Retail Industry News And Stocks To Watch
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
