(Finance) – Lively session today for Costco Wholesaleprotagonist of an upward extension, with a progress of 3.62%.
The department store chain closed the first quarter with better-than-expected results. In the period theearning per share it stood at $3.58 against the consensus $3.42.
THE revenues they grew by 6.1% to 57.8 billion above the 57.7 billion estimated by the market.
Comparing the performance of the stock with the Nasdaq 100on a weekly basis, we notice that the manager of a series of hypermarket chains maintains positive relative strength in comparison with the index, demonstrating a greater appreciation by investors compared to the index itself (weekly performance +6.99%, compared to +3.9% of theUS technology stock index).
The short trend of Costco Wholesale it is strengthening with a resistance area seen at 660.8 USD, while the most immediate support can be seen at 643.5. A continuation of the upward trend towards 678 is expected.