Costco, slow but sure? Message Board

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Non-Tech : Costco, slow but sure?

COST 989.30

+1.1%

Feb 5 3:59 PM EST

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To: JDN who wrote (1123)	5/9/2002 7:53:20 PM
From: WalleyB	Read Replies (1) of 1147

It’s been a while since I posted here and it looks as though that's the case for the rest of the crew that is listed. Looks like Costco is going to be making a run at the higher part of the chart. The consolidation of the price on the chart appears to be indicating a Cup and handle formation with a break out to be exoected sometime after the price hits 46 and sags below by about 10% - 15% (JMO). Recent news would seem to give the indication that higher prices are in the not too distant future as well. ISSAQUAH (Reuters) - Warehouse retailer Costco Wholesale Corp. (NasdaqNM:COST - news) on Thursday said sales at its stores open at least a year increased 6 percent in April. Costco said net sales for the four weeks ended May 5 rose 11 percent to $2.84 billion from $2.57 billion a year ago. Same-store sales at its U.S. stores rose 6 percent, while international sales also rose 6 percent. An analyst touted Costco the other day on Forbes on Fox. Of two companies the guest was talking up she placed Costco as her best bet. Still can't get a parking space and the lines are horrible, got to like that. Can the $60’s be that far off?

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