The fifth largest retailer in the United States is on an upward trend which could come to support Costco Wholesale in the coming sessions.

According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. Based on current prices, the company is valued at 0.35 times its sales. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of USD 4.48 per share for the current year.

Following a bullish wave, the stock now shows a slight decline that should lead towards its USD 93.75 medium-term support. On this level, a new buyer flows would allow an uptrend to come back in the medium and long term.

In this configuration, a decrease seems unavoidable in the USD 93.75 area. Investors could take a buy order on this level and get a good entry point with a stop below the medium term support.