Should You Buy Price Target?
Long Trade Idea
Enter your long position between $881.31 (an intermediate horizontal support level) and $903.29 (an intermediate horizontal resistance level).
Market Index Analysis
- Costco Wholesale Corporation (COST) is a member of the NASDAQ 100, the S&P 100, and the S&P 500 indices.
- The NASDAQ 100 Index pushed cautiously higher to start 2026 with strong breadth in traditional consumer staples and dividend-paying names, as investors rotate out of overbought tech mega-caps into more reasonably valued, cash-generative names like Costco, even as bearish trading volumes remain elevated and suggest conviction is selective.
- The Bull Bear Power Indicator of the NASDAQ 100 is bullish but structurally below its…
