Costco Wholesale Corporations stock price (COST) returned higher in the intraday levels, confirming the breach of the pivotal resistance of $787.00, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, coupled with positive pressure from the 50-day SMA, despite settling at overbought levels.

Therefore we expect more gains for the stock, targeting the first resistance at $843.00, provided the stock settles firmly above $787.00.

Trend forecast: Bullish