Costco Soars Into Blue Skies: Here’s How to Trade in All-Time Highs

Shoppers queue outside a Costco wholesale store in Leeds, northern England, on Nov. 1, 2020. Oli Scarff/AFP via Getty Images

Costco Wholesale Corporation gapped up into blue skies on Thursday and rose about 2 percent of the open to reach a new all-time high of $603.78.

All-time highs generate excitement and interest that can translate into increased buying pressure and above-average volume.