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Costco trades to a new all-time high What next technically?

February 5, 2025 by admin 0 Comments

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Costco technicals

Costco shares are trading at a new record high of $1,041.57, with the next target being a topside channel trendline near $1,047. A break above this level could turn the trendline into support, opening the door for further upside potential.

Looking back, on January 14, the price bounced off a key trendline, signaling early strength. Then, on January 27, the stock found support near the rising 100-hour moving average and broke above the 200-hour moving average (green line) with strong momentum. Since that breakout at around $945, Costco’s stock has gained nearly $100, representing a move of over 10%.

The bullish trend remains intact, with momentum and technical signals supporting further gains if key resistance levels are surpassed.

This article was originally published by Forexlive.com. Read the original article here.