Trading at record highs thanks to its 60% rally over the course of the past 12 months, Costco Wholesale (NASDAQ: COST) stock could be a bit intimidating. It feels like a pullback could be in the offing. And, maybe that's exactly what's in the cards.

Perhaps the bigger risk here, however, is at the other end of the continuum. That is, waiting any longer to buy into this red-hot name could prove costly by virtue of missing out on more upside. This stock's got a long history of tacking even more gains onto its past gains, after all.

In fact, there are four specific reasons Costco stock could readily continue its current rally.

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Source Fool.com