Oct 16, 2026 at 9:00 PM
•
$989.11
(+1.14%)
Costco Wholesale Corp (COST) gained 1.14% to finish at $989.11 on October 16.
Key indicators suggest a bullish bias:
Momentum
RSI at 72.3 is in overbought territory, suggesting potential near-term exhaustion. MACD reads 14.84 against its 7.21 signal line (bullish).
Moving Averages
The stock holds above both the 9-day ($961.97) and 21-day ($943.60) EMAs, confirming the uptrend.
Volatility
Price is extended above the upper Bollinger Band ($988.61), suggesting possible mean reversion.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Traders are watching $878.87 on the downside and $988.61 on the upside.