Costco Wholesale stock had its Relative Strength (RS) Rating upgraded from 65 to 72 Friday -- a welcome improvement, but still shy of the 80 or higher score you look for.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership 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 tend to have an 80 or higher RS Rating in the early stages of their moves. See if Costco Wholesale can continue to rebound and hit that benchmark.
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Is Costco Wholesale Stock A Buy?
Costco Wholesale stock is trying to recover from a sharp decline below its 200-day moving average, amid the recent stock market correction. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to establish and enter a buying range in heavy volume. Put this bulk warehouse retailer stock on your watch list as the current market outlook reversed directions.
The bulk warehouse retailer showed 2% EPS growth in its most recent report. Revenue gains came in at 16%.
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."
