Costco Wholesale Corporations stock price (COST) fell in latest intraday trading, while seeking a bottom to bounce it higher anew, reaching the pivotal support of $990.50, while leaning on the support of the 50-day SMA, as the Stochastic reached oversold levels compared to the prices movements, hinting at positive divergence, with the dominance of the main upward trend.

Therefore we expect the stock to rise and target the pivotal resistance of $1067, provided the aforementioned support of $990.50 holds on.

Todays price forecast: Bullish