Ross Stores saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 74 to 81.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone and it is falling today. But let's see if the stock is able to establish and enter a buying range in heavy volume.
Earnings growth rose last quarter from -28% to -20%. But revenue gains fell from -4% to -5%.
Ross Stores holds the No. 11 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Caleres and Designer Brands are also among the group's highest-rated stocks.
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