TradingKey – Costco completed its close at $893.9, which matches the provided chart reference of $893.93. The stock currently trades under the $895.77 Fibonacci pivot, and under the 920.56-924.61 resistance zone. With the September earnings release date approaching (9/24), the near-term trend remains bearish. Wall Street analysts generally agree Costco’s sales will be positive for the fourth quarter, but the true test of the company’s value will be margins, and if the company’s membership renewals will justify the valuation.