Costco Wholesale Corporation (COST) stock price declined in its latest intraday trading, as it attempts to gain positive momentum that could help it recover and rise again, amid the dominance of a short-term corrective bullish trend, with price moving alongside a supporting trendline. In addition, positive pressure continues as the stock trades above its 50-day SMA, while the RSI continues to deliver positive signals in the background.

 

Therefore we expect the stock price to rise during its upcoming trading sessions, as long as it remains stable above the support level at $980.00, targeting the resistance level at $1,028.

 

Today’s price forecast: Bullish