Costco Trading Higher Ahead Of Q4 Report

Costco Wholesale Corp. COST shares are trading higher by $2.23 at $152.75 in Wednesday's session. The company will announce Q4 results after the close. Streets estimates stand for EPS at $1.29 with revenues of $28.51B. Ahead of the report, the issue is posting a nice gain. After a higher open, it retreated and found support junt under Tuesday's close ($150.52), reaching $150.39 before turning higher. So far, it has reached $152.95 and not far off that level. If the rally continues there may be additional resistance at its February 26 high ($153.41) as well its February 25 high ($154.88).