# Costco Wholesale stock is approaching key resistance levels.

*business · news · 2026-05-19 · Benzinga*

## Key points

- Oppenheimer raised Costco's price target to $1,160 and maintained it as a top pick.
- Analysts highlight possible special dividend or stock split as factors adding to bullishness.
- Costco stock is trading notably above its key moving averages, signaling a stretched uptrend.
- RSI at 71.70 suggests the stock may face a near-term pullback or sideways movement.
- Key support sits at $985, close to the 100-day SMA/EMA, as a level to watch for buyers.

**Companies:** Costco Wholesale
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/trading-ideas/movers/26/05/52673408/costco-stock-is-moving-higher-today-whats-going-on)

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