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Costco futures short interest in Costco futures
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Short interest in Costco futures decreased by 4%, signaling reduced bearish bets. This could lead to technical pressure upward for the stock’s forward contracts in coming sessions. To maintain a tight control over its inventories and costs, Costco carries a narrower range of products than superstores like Walmart (NYSE: WMT) . To differentiate itself from its competitors, it sells its private label Kirkland products. It further increases the stickiness of its memberships with its food courts, gas stations, vision centers, and other ancillary services. For Costco to keep growing, it needs its comparable store sales to keep climbing as it opens new warehouses, gains new cardholders, and maintains high renewal rates. All four of those key performance metrics have consistently risen over the past few years. Strengthening the bull case even more, there's good reason to believe that Costco's high growth rates are sustainable for the foreseeable future. This is due to the company's ongoing international expansion and its e-commerce rollout. Costco futures chart patterns display a cup-and-handle formation, potentially forecasting a 3% upside. Volume analytics corroborate accumulation phases across institutional portfolios.