Costco Holds Strong Above $975 – Next Leg to $1,010Costco Wholesale CorporationBATS:COSTDEXWireNewsCOST trades at ~$975.50 (down -0.15% intraday on 1H chart) with light volume of 1.91K shares. The stock has been in a powerful uptrend since late 2025, surging from the $844 low in December to a new all-time high near $1,028 in March 2026 before entering a tight consolidation phase. Key observations: - Strong bullish trend from December 2025 lows with higher highs and higher lows. - Recent price action has pulled back modestly from the $1,028 peak and is now consolidating just below the $990–$995 resistance zone. - Price remains well above the rising 50-period MA, showing the overall uptrend is still intact despite the sideways action. Analytical buyer outlook: - Upside trigger: Break and hold above $990–$995 on increased volume — targets $1,010–$1,028 retest and potential new highs. - Support to defend: $960–$975 zone; a break below $950 would signal the first meaningful weakness in the uptrend. - Strong tailwinds from membership growth, resilient consumer spending on essentials, and expanding e-commerce and fresh food categories. Verdict: Bullish structure remains healthy. Costco is consolidating after a big run — typical behavior for a high-quality name near all-time highs. Bias positive for continuation higher once $995 clears with conviction.