Costco (COST) Stock Approaches Investment Threshold as Other Top IBD Screen Stocks Make Significant Entries

• Costco stock is approaching a new buy point while a number of other top stocks are hitting new entries on the stock market today. That’s a positive development for the current market outlook.
• Today’s stocks to watch include Costco Wholesale (COST), Sterling Infrastructure (STRL), Dycom (DY), Fidelity National Information Services (FIS), Cintas (CTAS) and Bandwidth (BAND). All six stocks appeared in the RS Line Blue Dot list, an IBD MarketSurge-exclusive stock screen.
• Heavy construction company Sterling Infrastructure surged nearly 16% Tuesday after the company’s better-than-expected first-quarter results were announced. Shares leapt past a 116.36 buy point in a consolidation. The 5% buy range tops out at 122.18, so the stock is slightly out of the buy zone.

Costco stock is rallying, moving further up the right side of a cup base. The official buy point is 787.08, but keep an eye out for a potential handle to offer a lower entry.

Costco Stock Eyes Buy Point

Costco stock rallied 2% Tuesday, moving further up the right side of a cup base. The official buy point is 787.08, but keep an eye out for a potential handle to offer a lower entry. On March 8, Costco missed holiday-quarter revenue expectations, offsetting higher e-commerce sales.... Read the full article for FREE at COINOTAG!