Costco Wholesale Corp

Supply dominance persists as COST trades below all key moving averages within a Stage 4 declining structure. Short-term momentum remains bearish with price rejected at the 9/20 EMAs and the 50-day SMA, validating immediate sell-side execution on rallies into the EMA cluster. Caution is warranted near the 52-week low zone, with moderate confidence given neutral oversold conditions.

• ↑Q3 net sales reached $69.15B (+11.6% YoY) while net income climbed 15% to $2.19B.
• ↑Digitally enabled sales grew 21.5%, underlining rapid e-commerce integration.
• ↓Negative earnings yield and weak book-to-price metrics suggest overvaluation risk.