Ross Stores stock had its Relative Strength (RS) Rating upgraded from 69 to 73 Wednesday — a welcome improvement, but still short of the 80 or better score you look for.
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matched up against all other stocks.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 as they launch their biggest runs. See if Ross Stores stock can continue to rebound and clear that threshold.
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Is Ross Stores Stock A Buy?
Ross Stores stock is trying to complete a cup with handle with a 145.18 entry. See if the discount retail stock can break out in volume at least 40% above average.
The operator for Ross Dress For Less stores showed 34% earnings growth last quarter. Revenue gains came in at 8%.
Ross Stores stock earns the No. 10 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Abercrombie & Fitch, Burlington Stores and TJX Cos are among the top 5 highly rated stocks within the group.
