TradingKey – Following a surge in June sales, Costco Wholesale (NASDAQ: COST) changed hands for $942.41, though the market reaction was fairly muted. In the five-week period ending July 5, Costco delivered net sales of $29.24 billion, increasing 10.6% compared to the prior year. On a comparable basis, sales increased 8.8%, with e-commerce transactions up 20.9% year-over-year. The Board of Directors also announced a quarterly dividend of $1.47 per share which will be paid August 7.

Another month of double-digit sales results only pushed the stock 0.6% higher during July 8 sessions before retreating 1.5% on after-hours trading. Below a falling trendline on the 2H chart, COST has resistance at the $967-$982 level. RSI is 54.32. Investors…